Jefferies downgrades Australian REIT HomeCo to 'hold', trims PT
13/08/2026 21:08
BUZZ-Jefferies downgrades Australian REIT HomeCo to 'hold', trims PT ** Jefferies downgrades rating for Australia's HomeCo Daily Needs REIT HDN.AX to "hold" from "buy"; cuts price target to A$1.30 from A$1.45
** Brokerage says co's FY27 funds from operations (FFO) per-share guidance on Thursday implied a 2.2% decline from FY26, surprising investors at a time when most REITs are expected to deliver low-to-mid single-digit earnings growth
** Jefferies cuts its FY27-FY28 FFO estimates by 3%-4% respectively
** Five of 11 analysts rate the stock "buy" or higher, six "hold"; their median PT is A$1.36, LSEG-compiled data shows
** As of last close, stock down 11.7% this year
(Reporting by Roshan Thomas in Bengaluru)
Recent news on HomeCo Daily Needs REIT
See all newsJefferies downgrades Australian REIT HomeCo to 'hold', trims PT
Brief: Homeco Daily Needs REIT Expects FY27 FFO Per Unit Of 8.8 Au Cents And DPU Of 8.6 Au Cents
Brief: Homeco Daily Needs REIT Says FY26 DPU Guidance Of 8.6 Au Cents Reaffirmed
Brief: Homeco Daily Needs REIT Declares Quarterly Distribution Of 2.150 AU Cents Per Unit
Australia's HomeCo Daily Needs REIT gains on announcing quarterly payout