Shares of Hamborner Reit AG (ETR:HAB) rose 1.1% during mid-day trading on Wednesday . The stock traded as high as €9.22 ($10.72) and last traded at €9.21 ($10.70), approximately 225,434 shares traded hands during mid-day trading. An increase of 72% from the average daily volume of 131,380 shares. The stock had previously closed at €9.11 ($10.59).
HAB has been the topic of several research reports. Berenberg Bank set a €11.00 ($12.79) target price on shares of Hamborner Reit and gave the stock a “buy” rating in a report on Wednesday, July 24th. HSBC set a €10.00 ($11.63) price target on shares of Hamborner Reit and gave the stock a “neutral” rating in a research note on Wednesday, May 29th.
The firm has a 50 day simple moving average of €9.05. The firm has a market cap of $734.20 million and a price-to-earnings ratio of 37.59. The company has a debt-to-equity ratio of 121.18, a quick ratio of 0.34 and a current ratio of 0.34.
HAMBORNER REIT AG is a public company listed in the SDAX that operates exclusively in the property sector and is positioned as a portfolio holder for high-yield commercial properties. The company generates sustainable rental income on the basis of a diversified portfolio of properties distributed throughout Germany with a total value of around EUR1.5 billion.
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