Unibail-RW: Invest Securities maintains buy rating

(CercleFinance.com) - Invest Securities has reinstated its "buy" rating on the Unibail-Rodamco-Westfield (URW) share, along with its target price of 185 euros, pointing to the trust displayed by the real estate company in terms of rental activity, which contrasts with market concerns.


The broker points out that during its investor days, the commercial real estate group's management presented simulations that implicitly confirm that the dividend (at worst) will be maintained in 2020.

The analyst who monitors the share says that the creation of value on the portfolio of projects committed or monitored (+35.6%) is in line with the expected dividend growth of +5% to +7% at the end of the company's disposal plan.


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