Deutsche Wohnen SE

Deutsche Wohnen is a holding company. Co.'s business focus is on residential and nursing properties in conurbations and metropolitan areas of Germany. Co. conducts its operations through three segments: asset/property management, disposal and nursing. Co.'s asset/property management segment includes all activities relating to the management and administration of residential property, the management of rental contracts and tenant support. Co.'s disposal segment comprises the disposal of residential units and portfolios managed by its Deutsche Wohnen Corporate Real Estate GmbH subsidiary. Co.'s nursing segment manages and markets retirement and nursing homes for senior citizens.
  • TickerA0HN5C
  • ISINDE000A0HN5C6
  • SectorReal Estate Investment & Services
  • CountryGermany

Analysts

Manuel Martin ...
  • Thomas Effler

Deutsche Wohnen SE : Positive impulses expected from Berlin and the nursing business

>Increasing our property valuation gain estimates due to Berlin - Ahead of Deutsche Wohnen’s (DWNI) FY 2018 results due on 26 March, we have revisited our model and increased our estimates. Most significantly, we have increased our property fair value gains estimates for 2018e to 2020e by 78.0%, 51.9% and 69.2% respectively. These double-digit increases reflect in particular the ongoing boom in the Berlin residential market and the continued favourable residential rea...

Deutsche Wohnen – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Manuel Martin ...
  • Thomas Effler

Deutsche Wohnen SE : Positive impulses expected from Berlin and the nursing business

>Increasing our property valuation gain estimates due to Berlin - Ahead of Deutsche Wohnen’s (DWNI) FY 2018 results due on 26 March, we have revisited our model and increased our estimates. Most significantly, we have increased our property fair value gains estimates for 2018e to 2020e by 78.0%, 51.9% and 69.2% respectively. These double-digit increases reflect in particular the ongoing boom in the Berlin residential market and the continued favourable residential rea...

ING
Research Department

Benelux Morning Notes

ADO Properties: More refinancing activity Ascencio: Flat results, weak organic growth a.s.r.: Loyalis – organic capital accretion >9% Basic-Fit: New membership structure - the maths D'Ieteren: Febiac November figures German Resi: On the €2 modernisation cap and valuation Unilever: What a Horlicks of a deal

ING
Jaap Kuin

Real Estate Strategy/Segment vs style: time for value?

We investigate a presumed October 2018 ‘style' rotation and try to find factors driving performance over the last year, potentially giving direction for 2019. Overlaying segment performance (eg, German resi vs offices vs retail) and style factors ‘quality' (initial yield), ‘growth' (2016-2019F EPS CAGR), ‘value' (low PER), we find that value consistently underperformed from February to August, after which quality underperformed and high yielding assets outperformed from July. Retail remains a key driver within underperformers, with 11 out of the 12 worst performers (58 stocks sample). Leverage...

ING
Jaap Kuin ...
  • Jason Ball, CFA

Deutsche Wohnen/Confirming evidence/BUY

Robust 2H18 valuation guidance speaks clearly to any regulatory concerns about the Berlin market, in our view, and reinforces our initial expectations for limited impact. Management remains mum on the potential LFL effects but the growing body evidence suggests to us the Mietspiegel changes are increasingly likely to be a post-2019 event. Meanwhile, Nursing profitability appears to have stabilized and Deutsche Wohnen has acknowledged that our preferred route of spinning out of the Operational business is on the table. With regulatory sentiment overhang arguably abating and new avenues for Nurs...

ING
Research Department

Benelux Morning Notes

ADO Properties: 5.5% LFL growth, no surprises. Ageas: Impairments weigh on results, M&A in India (no share buy-back impact). Ahold Delhaize: new 2019-22 targets should result in consensus upgrades. Deutsche Wohnen: €1.5bn 2H18 value uplift expected. EVS: 3Q18 preview. Fugro: Path to profitable growth. Kinepolis: 3Q18 preview. VolkerWessels: 9M18 preview - boring would be good

1 director sold

A director at Deutsche Wohnen AG sold 6,389 shares at 41.020EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names...

DT.WHN.SE sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of DT.WHN.SE (DE), active in the Real Estate Holding & Development industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date September 25, 2018, the closing price was EUR 40.95 and its target price was estimated at EUR 38.90.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Deutsche Wohnen – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Valérie GASTALDY

Analyse court terme - DEUTSCHE WOHNEN AG-BR : La tendance est incertaine.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 42,80 €.

Valérie GASTALDY

Short term view - DEUTSCHE WOHNEN AG-BR : The trend is uncertain.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €42.80.

Valérie GASTALDY

Short term view - DEUTSCHE WOHNEN AG-BR : The trend is uncertain.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €38.70.

Valérie GASTALDY

Analyse court terme - DEUTSCHE WOHNEN AG-BR : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 38,70 €.

Valérie GASTALDY

Medium term view - DEUTSCHE WOHNEN AG-BR : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at €31.79.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch