NEW YORK (dpa-AFX) - The US bank JPMorgan has lowered its price target for Vonovia from 37.50 to 34.00 euros, but left its rating at "Overweight". With the quarterly reporting season coming to an end and interest rates likely to remain higher for longer, he has revised his valuations for European real estate companies, wrote analyst Neil Green in his reassessment of the sector published on Wednesday. Green now expects a slower increase in rents and higher refinancing costs for real estate purchases. He lowered his price targets, shifting the valuation period further into the future and still sees 20 percent potential for the sector. He believes that German sector stocks such as Vonovia and LEG are capable of a price jump - they have not yet reacted to the falling interest rates on loans that investors are taking out for their purchases. The German residential real estate market is on a solid footing thanks to the excess demand./gl/ag
Publication of the original study: 01.04.2025 / 21:15 / GMT First dissemination of the original study: 02.04.2025 / 00:15 / GMT
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