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

Reuters

2025/02/14

BUZZ-Australia's HomeCo Daily Needs REIT gains; <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> hikes PT

** 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;))

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