What a bang for the buck in the real estate sector! While many are still skeptical about the sector, Aroundtown $AT1 (+1,78 %) is causing a massive sensation on the stock market today.
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The share price shot up by almost 10 % at times today, marking a new high since November! After a phase of sideways movement, we are now seeing momentum that is electrifying traders and investors alike.
🕵️♂️ The sensation: Viceroy Research switches sides
The main reason for today's quake: The well-known short-seller Viceroy Research announced this morning that it has completely revised its opinion on Aroundtown.
From hunter to buyer: after years of analyzing the company as a short candidate, Viceroy's conclusion is now: "We were wrong - now we are long!"
Gross undervaluation: According to Viceroy, the market is "asleep". They see an upside potential of 94% and describe the share as "outrageously cheap".
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It's not just external analysts who are getting in on the act, Aroundtown is getting serious itself:
Share buyback underway: The company has bought back millions of its own shares in the last week alone (part of the € 250 million program in total).
Strong cash flow: While interest rates weighed on the sector, the latest letting successes (including in Amsterdam and Mannheim) show that the operating business is booming.
Is this the final turning point for real estate REITs? When even the harshest critics become buyers, alarm bells should be ringing for the bears. The combination of massive insider buybacks and Viceroy's capitulation move could provide the necessary fuel for a sustained rally.
What do you think?
Are Aroundtown shares now a no-brainer or is today's euphoria premature? 👇
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