DZ BANK AG Maintains a Buy Rating on Deutsche Wohnen (DWHHF)
In a report released today, Karsten Oblinger from DZ BANK AG maintained a Buy rating on Deutsche Wohnen (DWHHF). The company’s shares closed last Tuesday at $51.70, close to its 52-week high of $53.63.
Oblinger has an average return of 2.9% when recommending Deutsche Wohnen.
According to TipRanks.com, Oblinger is ranked #3025 out of 7210 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deutsche Wohnen with a $54.48 average price target.
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Based on Deutsche Wohnen’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $527 million and net profit of $88.1 million. In comparison, last year the company earned revenue of $378 million and had a net profit of $29.5 million.
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Deutsche Wohnen SE is a holding company, which engages in the development and management of residential properties property portfolio. It operates through the following segments: Residential Property Management; Disposals; and Nursing & Assisted Living. The Residential Property Management segment engages in the management of residential properties in the context of active asset management. The Disposals segment includes all aspects of the preparation; and execution of the sale of residential units from property portfolio as part of the ongoing portfolio optimization and streamlining process. The Nursing and Assisted Living segment markets and manages nursing and residential care homes as well as services for the care of the senior citizens who live in these homes. Deutsche Wohnen was founded in 1996 and is headquartered in Berlin, Germany.