Major growth predicted for two main domestic real estate trusts

Goodbody Stockbrokers has initiated coverage of the two main domestic REITs (real estate investment trusts) which floated on the Iseq last year, stating that both have significant scope for share value growth this year.

In a detailed report into the sector, Goodbody opened its coverage on both Green REIT and Hibernia REIT by placing ‘buy’ recommendations on both stocks and 12-month share price targets of €1.50 and €1.32, respectively.

Green REIT closed at a price of €1.24 last Thursday, while Hibernia REIT closed at €1.01.