Australia's HomeCo Daily Needs REIT gains; Macquarie hikes PT

HomeCo Daily Needs REIT

14/02/2025 04:07

** Shares of HomeCo Daily Needs REIT  HDN.AX  rise as much
as 1.7% to A$1.2, their biggest intraday pct gain since February
6
    ** Shares track positive sentiment seen in Australian
markets, with S&P/ASX 200  .AXJO  having touched a record high
earlier in the day
    ** Macquarie hikes price target for shares of the real
estate investment trust to A$1.14 from A$1.11, retains "neutral"
    ** Brokerage accounts for reaffirmed outlook, development
completions and progress
    ** Seven of 11 analysts rate the stock "buy" or higher, 4
"hold"; their median PT is A$1.37 – according to data compiled
by LSEG
    ** Stock fell 6.1% in 2024

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com;))