Berenberg keeps Buy on Patrizia stock with EUR 9.50 target

Published on 10/01/2026 at 16:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half operating earnings rose 46.60 percent to EUR 42.70 million. Patrizia stock costs EUR 6.79 on October 1, 2026 versus EUR 6.82 prior close.

Isometrische 3D-Illustration eines Immobilienportfolios mit Türmen, Lagerhallen und Infrastruktur — Patrizia SE (DE000PAT1AG3) isometrische 3D-Visualisierung eines diversifizierten Immobilienportfolios mit Türmen und Infrastruktur, Illustration mit AI erstellt.

Patrizia (ISIN DE000PAT1AG3) was trading at EUR 6.79 at Lang & Schwarz on October 1, 2026 at 4:02 p.m. CEST, while Berenberg kept its Buy rating and EUR 9.50 price target on September 21, 2026. The target is 39.91 percent above the Lang & Schwarz price, giving the analyst view a clear valuation gap.

Berenberg sees infrastructure demand

According to Finanznachrichten on September 21, 2026, analyst Kai Klose cited strong investor demand for Patrizia's growing infrastructure activity and improved profitability. Berenberg kept the previous EUR 9.50 target unchanged and retained the Buy rating.

The research view places infrastructure at the center of the investment case, while the stock's market value was EUR 587.0 million on October 1, 2026. The current Lang & Schwarz price stood 23.71 percent below the 52-week high of EUR 8.90 and only EUR 0.17 above the 52-week low of EUR 6.62.

First-half earnings provide support

Patrizia reported earnings before interest, taxes, depreciation and amortization of EUR 42.70 million for the first half of 2026, up 46.60 percent from the comparable period. The figure was published in the company's investor-relations release dated August 10, 2026, which also described the result as strong earnings growth.

The company operates as an investment manager for global real assets, including real estate and infrastructure. Its financial calendar lists the 9M 2026 quarterly statement for November 9, 2026 and the investor and analyst conference call for November 10, 2026, according to PATRIZIA.

Stock remains below its yearly high

At Lang & Schwarz, Patrizia stock was trading at EUR 6.79 on October 1, 2026 at 4:02 p.m. CEST, down 0.44 percent versus the Lang & Schwarz prior close of EUR 6.82 on September 30, 2026. The further course of trading is shown by the continuously updated real-time quote of Patrizia stock.