Following Dexus Industria REIT (formerly APN Industria REIT) acquiring a range of industrial properties and development opportunities, Morgans increases its target to $3.56 from $3.51. An attractive dividend yield is noted, and the Hold rating is maintained.

As a result of the acquisitions, the company announced a raising of $250m via a $100m placement and a 1:3 non renounceable entitlement offer at $3.45. 

Sector: Real Estate.

Target price is $3.56.Current Price is $3.42. Difference: $0.14 - (brackets indicate current price is over target). If ADI meets the Morgans target it will return approximately 4% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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