UBS cuts Alstria to 'neutral' after share price rally

Alstria Office REIT AG

24/11/2021 12:03

** UBS downgrades German real estate company Alstria Office
 AOXG.DE  to "neutral" from "buy" after recent share price
performance following Brookfield's takeover offer  BAMa.TO 
   ** The broker says Alstria's shares have risen 14% from Nov.
4, when Brookfield made the bid, and they have traded near the
offer price since then  urn:newsml:reuters.com:*:nL8N2RV2O8
   ** It adds that a higher offer than that from Brookfield is
limited due to tighter German tax laws and fair value of Alstria
   ** The stock has gained around 31% year-to-date
   ** Out of 14 analysts that cover Alstria Office REIT AG,
three rate the stock "buy" or higher, ​eight have a "hold"
rating and three​ rate the stock "sell" or lower

 (Reporting by Tommy Lund)
 ((Tommyalexander.lund@thomsonreuters.com))