Aventus has launched its first property syndicate since the fund internalised, in line with a strategy of diversified income and managed third party capital. The group will take a 25% interest and provide funds/property management.

FY20 guidance has been reconfirmed and the broker notes dividend guidance implies a yield in excess of 6%. Target rises to $2.86 from $2.69, Add retained.

Sector: Real Estate.

Target price is $2.86.Current Price is $2.77. Difference: $0.09 - (brackets indicate current price is over target). If AVN meets the Morgans target it will return approximately 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2019 Acquisdata Pty Ltd., source FN Arena