The company has updated on recently acquired assets. While the company has limited capacity to fund acquisitions through debt now, Macquarie believes the positive components of the investment thesis are intact.
Macquarie retains an Outperform rating and $2.40 target.
Sector: Real Estate.
Target price is $2.40.Current Price is $2.34. Difference: $0.06 – (brackets indicate current price is over target). If AVN meets the Macquarie target it will return approximately 3% (excluding dividends, fees and charges – negative figures indicate an expected loss).