Altarea Cogedim is a real estate investment trust and development company. Co. is an active operator in the three main segments — retail, residential & office-hotels property — with the ability to design, develop, market & manage custom-tailored real estate products. In the Retail segment, Co. is active in real estate investment, development, asset management, providing services to third-party customers. In the Residential segment, Co. is a residential property developer. In the Office Property segment, Co. is a global operator active in all commercial property formats: high-rise buildings, business districts, corporate headquarters, renovation projects, green districts & luxury hotels.
  • TickerALTA
  • ISINFR0000033219
  • ExchangeEuronext Paris
  • SectorReal Estate Investment Trusts
  • CountryFrance

Analysts

ALTAREA with less fundamental stars is reduced to Neutral

ALTAREA (FR), a company active in the Real Estate Investment Trusts industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date March 12, 2019, the closing price was EUR 185.00 and its expected value was estimated at EUR...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/27/2019

This is the thirteenth update of our report on Corporate Governance large caps Europe. We have analysed 125 of the European companies covered by ODDO BHF analysts. In the Strong opportunities (1), we favour five stocks: Unibail Rodamco (Buy, target price € 190.0), AXA (Buy, target price € 28.0), Veolia (Buy, target price € 30.0), Danone (Buy, target price € 81.0) and Michelin (Buy, target price € 130.0). - Cf. report published today. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/02/2019

13ème mise à jour de notre étude Corporate Governance Large caps Europe. Nous avons étudié 125 valeurs, toutes suivies par les analystes d’Oddo BHF. Nous privilégions 5 valeurs dans les opportunités fortes : Unibail Rodamco (Achat, OC 190.0 €), AXA (Achat, OC 28.0 €), Veolia (Achat, 30.0 €), Danone (Achat, 81.0 €) et Michelin (Achat, 130.0 €). Cf. étude publiée ce matin. - ...

Florent Laroche-Joubert

Altarea Cogedim : Operating performance in development offset by loss of value in retail

>Operating performance driven by residential development and business property - 2018 FFO at Altarea-Cogedim (AC) grew by 7.8% to € 276.2m, i.e. y-o-y growth of 5.2% in FFO per share to € 17.27 (below expectations), driven largely, in absolute terms, by momentum in the residential business (+6.2%) and business property (+156.7%), with a decline in the retail contribution (-30.5%):Residential development: AC continues to gain market share with 7.6% of bookings in ...

Florent Laroche-Joubert

Altarea Cogedim : Une performance opérationnelle dans la promotion contrebalancée par une perte de valeur dans les actifs de commerce

>Une performance opérationnelle tirée par la promotion résidentielle et immobilier d’entreprise - Le FFO 2018 d’Altarea-Cogedim (AC) croit de 7.8% à 276.2 M€, soit une progression yoy de 5.2% du FFO/action à 17.27€ (en dessous des attentes) qui est principalement portée dans l’absolu par la dynamique des métiers Logement (+6.2%) et immobilier d’entreprise (+156.7%) et une baisse de la contribution du métier Commerce (-30.5%) :Promotion logements : AC continue de ...

Florent Laroche-Joubert

Altarea Cogedim : Operating performance in development offset by loss of value in retail

>Operating performance driven by residential development and business property - 2018 FFO at Altarea-Cogedim (AC) grew by 7.8% to € 276.2m, i.e. y-o-y growth of 5.2% in FFO per share to € 17.27 (below expectations), driven largely, in absolute terms, by momentum in the residential business (+6.2%) and business property (+156.7%), with a decline in the retail contribution (-30.5%):Residential development: AC continues to gain market share with 7.6% of bookings in ...

Florent Laroche-Joubert

Altarea Cogedim : Une performance opérationnelle dans la promotion contrebalancée par une perte de valeur dans les actifs de commerce

>Une performance opérationnelle tirée par la promotion résidentielle et immobilier d’entreprise - Le FFO 2018 d’Altarea-Cogedim (AC) croit de 7.8% à 276.2 M€, soit une progression yoy de 5.2% du FFO/action à 17.27€ (en dessous des attentes) qui est principalement portée dans l’absolu par la dynamique des métiers Logement (+6.2%) et immobilier d’entreprise (+156.7%) et une baisse de la contribution du métier Commerce (-30.5%) :Promotion logements : AC continue de ...

Florent Laroche-Joubert

ODDO : Mer belle à peu agitée !

Face à quelques turbulences macroéconomiques, les foncières de bureaux et de commerce constituent des valeurs de refuge par la pérennité de leurs dividendes et leur capacité à créer de la valeur à travers leur pipeline. Nous privilégions plus particulièrement les valeurs qui ont anticipé / clarifié leur stratégie face aux nouvelles tendances de marché. Ainsi, nous confirmons notre opinion Achat sur Gecina, Klépierre et Carmila et passons à l’Achat sur Icade et Unibail-Rodamco-Wes...

Florent Laroche-Joubert

ODDO : Fine seas with a slight breeze

In the face of macroeconomic turbulence, office and retail real estate investment companies are “safe haven” stocks due to the durability of their dividends and their capacity to create value via their project pipelines. We particularly appreciate stocks which have adapted/clarified their strategies to fit new trends in the market. As such, we confirm our Buy recommendations on Gecina, Klépierre and Carmila and have upgraded Icade and Unibail-Rodamco-Westfield to Buy. - >2...

Florent Laroche-Joubert

Altarea Cogedim : Altarea-Cogedim strengthening positions locally in Nouvelle-Aquitaine region in residential development

>In exclusive negotiations to acquire real-estate developer Sévérini - Altarea-Cogedim (AC) announced yesterday it had entered into exclusive negotiations with the shareholders of the residential real-estate developer Sévérini with a view to its acquisition.Created in 1984, Severini is a residential real-estate developer mainly active in the Nouvelle-Aquitaine region and to a lesser extent in the Paris area. Based in Bordeaux, the group has 35 staff and generated...

1 director sold

A director at Altarea sold 74,059 shares at 193.000EUR and the significance rating of the trade was 67/100. 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 of board membe...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/27/2019

This is the thirteenth update of our report on Corporate Governance large caps Europe. We have analysed 125 of the European companies covered by ODDO BHF analysts. In the Strong opportunities (1), we favour five stocks: Unibail Rodamco (Buy, target price € 190.0), AXA (Buy, target price € 28.0), Veolia (Buy, target price € 30.0), Danone (Buy, target price € 81.0) and Michelin (Buy, target price € 130.0). - Cf. report published today. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/02/2019

13ème mise à jour de notre étude Corporate Governance Large caps Europe. Nous avons étudié 125 valeurs, toutes suivies par les analystes d’Oddo BHF. Nous privilégions 5 valeurs dans les opportunités fortes : Unibail Rodamco (Achat, OC 190.0 €), AXA (Achat, OC 28.0 €), Veolia (Achat, 30.0 €), Danone (Achat, 81.0 €) et Michelin (Achat, 130.0 €). Cf. étude publiée ce matin. - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Anis Zgaya
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Stephane Houri
  • Steven Gould
  • Sylvain Goyon
  • Thomas Zlowodzki
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/14/2018

Finally, an agreement has been reached. But the most difficult task is just beginning for the UK prime minister because she will need to secure parliamentary approval for the deal. But right now, this is another story. What can we expect if parliament approves the deal? 1/ A rise in gilt yields (fall in the price of the UK sovereign bond). 2/ An appreciation in sterling against the US dollar and the euro. Favour financials, construction, retail and spending linked to consumer confiden...

Alexandre Iatrides ...
  • Alfred Glaser
  • Anis Zgaya
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Stephane Houri
  • Steven Gould
  • Sylvain Goyon
  • Thomas Zlowodzki
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/11/2018

Finalement, un accord a été trouvé. Le plus dur commence maintenant pour le PM britannique puisqu’il faudra trouver une majorité parlementaire pour le valider. A ce stade c’est une autre histoire. Qu’attendre en cas de vote positif du parlement ? 1/ une hausse des rendements du Gilt (baisse du prix de l’obligation souveraine) - 2/ une appréciation de la livre vs USD et EUR. Privilégier les financières, la construction, la distribution et les dépenses liées à la confiance du consommateu...

ALTAREA with less fundamental stars is reduced to Neutral

ALTAREA (FR), a company active in the Real Estate Investment Trusts industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date March 12, 2019, the closing price was EUR 185.00 and its expected value was estimated at EUR...

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...

MarketLine Department

Gecina SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Gecina SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Gecina SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights Thi...

Charles Pinel

Proxy Report - 15/05/2018

Comme lors des exercices passés, Proxinvest émet une réserve quant à l'affectation du résultat afin de protester contre le dividende en faveur de l'associé commandité (3 M€, soit 1,5% du montant distribué), et ce malgré les bonnes performances de la société (résolution 3). La plupart des autorisations d'augmentation de capital ne respecte pas la politique de vote de Proxinvest car la société n’exclue toujours pas l'usage des délégations en période d'offre publique et les montants pour les autorisations sans DPS sont trop généreux (résolutions 8 à 15). De même, les différentes résolutions per...

Jérôme VINERIER

Short term view - ALTAREA : The trend is uncertain.

The trend is uncertain. Prices have recovered and they are starting to display convincing strength. A new bullish trend is attempting to emerge.

Jérôme VINERIER

Analyse court terme - ALTAREA : La tendance est incertaine.

La tendance est incertaine. Les cours se sont repris, et ils commencent à montrer une certaine vigueur. Une nouvelle tendance haussière tente de démarrer.

Jérôme VINERIER

Short term view - ALTAREA : The background trend is clearly bearish.

The background trend is clearly bearish. The bounce is gaining strength. It is too early to qualify this market action as a bullish reversal. The background trend would be questioned should prices rise above €211.00.

Jérôme VINERIER

Analyse court terme - ALTAREA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le rebond gagne en vigueur. Il est trop tôt pour parler de retournement haussier. La tendance de fond serait remise en cause en cas de franchissement de 211,00 €.

Jérôme VINERIER

Medium term view - ALTAREA : The recent fall is getting more vigorous.

The trend is bullish. The recent fall is getting more vigorous. The next support is at €158.30. A break below €158.30 would challenge the trend.

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