FRANKFURT (dpa-AFX) - Shares in Deutsche Pfandbriefbank accelerated their recent slide on Wednesday and slipped to a record low. The shares of the bank, which specializes in financing commercial real estate, recently lost six percent to 4.65 euros. This made them one of the weakest stocks in the second-line index SDax, which lost one percent.

Preliminary figures from Deutsche Pfandbriefbank recently caused the shares to fluctuate significantly, but had little effect on the bottom line. On the contrary, observers have negatively assessed a price slump in bonds issued by German lenders with a focus on real estate, which also affected Deutsche Pfandbriefbank.

As the Bloomberg news agency reported, citing people familiar with the matter, analysts at Morgan Stanley had recommended clients to sell senior bonds issued by Deutsche Pfandbriefbank due to its exposure to the US commercial real estate market. This market is currently under pressure due to very high vacancy rates. Morgan Stanley did not wish to comment on the report./la/he