Aareal Bank (ETR:ARL) Stock Upgrade
Kepler Cheuvreux has increased shares of Aareal Bank (ETR:ARL) to a respectable Buy rating in a very recent research note distributed today, and has established a one year target PPS of EUR 45.00, which is 50.75% from ARL’s share price currently.
From a total of 10 analysts covering Aareal Bank (ETR:ARL) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is €46 while the lowest target price is €30. The mean of all analyst targets is €40.19 with a 34.91% above today’s (€29.79) stock price. Aareal Bank was the topic of 28 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Equinet upgraded shares on December 8 to “Buy” rating. Commerzbank upgraded shares to “Buy” rating and €41 target share price in a report from a November 18. Berenberg downgraded ARL stock in a recent report from November 28 to “Sell” rating. HSBC upgraded the rating on November 13. HSBC has a “Buy” rating and a €44 price target on shares. Finally, Warburg Research upgraded the stock to “Buy” rating in a report issued on a November 26.
The stock increased 2.20% or EUR 0.64 on December 9, striking EUR 29.79. Approximately 639,257 shares of stock traded hands or 72.80% up from the average. Aareal Bank AG (ETR:ARL) has declined 4.62% since May 7, 2015 and is downtrending. It has underperformed by 3.82% the S&P500.
The overall sentiment of institutions has increased to 0.4 in Q2 2015. Its up 0.11, from 0.29 in 2015Q2. The ratio improved, as 3 institutions have sold all the shares of Aareal Bank AG that they owned while 2 funds have taken shares off the table. 1 funds have purchased shares for the first time while 1 added to their positions. These institutions now hold 65,673 shares or 14.07% less than the 76,425 shares they owned in 2015Q2.
The Fund Axa currently is holding shares equating to 0% of its total portfolio in Aareal Bank AG representing a total of 319 shares. Another fund,Blackrock Advisors Llc, is holding a total of 1,631 shares equating to 0% of their holdings. Additionally, Blackrock Institutional Trust Company N.A. has a 37,881 share stake in Aareal Bank AG which represents 0% of their total portfolio. The Fund, Blackrock Investment Management Llc, based out of New Jersey, has also built up a stake in the stock, which represents a total of 0% of their total portfolio. Finally Morgan Stanley, a fund which is based in the state of New York reported a total holdings of 174 shares.
Aareal Bank AG is a Germany-based real estate bank. The company has a market cap of 1.88 billion EUR. It provides finance, advisory and other services to commercial property and institutional housing sectors. It has 5.27 P/E ratio. It’s activities are divided into two core business divisions: Structured Property Financing and Consulting/Services.
According to Zacks Investment Research, “American Realty Investors, Inc. is engaged in investing in equity interests in real estate, leases, joint venture development projects and partnerships and, to a lesser extent, financing real estate and real estate activities through investments in mortgage loans, including first, wraparound and junior mortgage loans.” Get a free copy of the Zacks research report on Aareal Bank AG (ARL).