Merlin Properties Socimi SA

Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of a real estate investment trust (REIT). The Company focuses on the acquisition, management and rental of commercial properties located in the Iberian Peninsula, primarily in Spain. The Company's activities are divided into the following segments: Office buildings, operating a portfolio of office space; High-street retail, engaged in leasing retail stores; Shopping centers, engaged in managing department stores; Logistics, operating logistics warehouses and distribution centers, and Others. The Company's other activities include property management services rendered to third parties.
  • TickerMERLIN
  • ISINES0105025003
  • ExchangeMadrid Stock Exchange
  • SectorReal Estate Investment Trusts
  • CountrySpain

Analysts

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 27 NOVEMBER TO 04 DECEMBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio No changes this week. European High Yield Portfolio Airbus, Air Liquide, AXA, SAP & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 27 NOVIEMBRE AL 04 DICIEMBRE 2019 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Airbus, Air Liquide, AXA, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr y Unicaja Sin cambios esta semana.

Research Department

IBERIAN DAILY 02 DECEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: GAS SECTOR, IBERDROLA, MEDIASET ESPAÑA, MERLIN PROPERTIES, NATURGY, SACYR. MARKETS YESTERDAY AND TODAY Little movement, but with slight drops European markets saw profit taking in a session marked by the corrections in crude oil and the movement in debt curves. In the Euro Stoxx the best-performing sectors were Telecoms and Personal Household Goods vs. the drops in Autos and Retail, which were the worst performers. On the macro side, in Germany November’s unemployment rate fell sharply and unexpectedly. In Spain, mortgage signings had their worst September performance in 5 year...

Research Department

INFORME DIARIO 02 DICIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: IBERDROLA, IBERPAPEL, MEDIASET ESPAÑA, MERLIN, NATURGY, SACYR, SECTOR GAS ESPAÑA. EUROPA: UNICREDIT, VIVENDI. Poco movimiento con ligeras caídas Las bolsas europeas recogieron beneficios en una sesión marcada por las correcciones en el petróleo y el movimiento de las curvas. En el Euro STOXX los mejores sectores fueron Telecos y C. Personal frente a las perdidas de Autos y Retail que terminaron con el peor comportamiento de la sesión. Por el lado macro, en Alemania el número de parados de noviembre cayó de manera inesperada. En España la firma de ...

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 20 AL 27 NOVIEMBRE 2019 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Airbus, Air Liquide, Axa, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Masmóvil, Sacyr y Unicaja Sin cambios esta semana.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 28/11/2019 - Atlantia- FR

Atlantia (Conserver) : Le gouvernement italien devrait prendre une décision la semaine prochaine sur la concession italienne Vienna Insurance (Achat) - 9M-19 : Résultat avant impôts de €376m (+6,8%) Deutsche Bank (Vente) : Cède un bloc d’actifs émergents d’une valeur nominal de £40mds Selecta (Achat) - Exercice 2018/19 : EBITDA de €198m (+11,4%) Loxam (Achat) - 9M-19 : EBITDA de €430m (+15,7%) Merlin Properties (Achat) : Emission d'une obligation de €500m 15Y ms+165pbs Imerys (Achat) : Pourrait céder ses filiales nord-américaines de talc ...

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 27 NOVEMBER TO 04 DECEMBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio No changes this week. European High Yield Portfolio Airbus, Air Liquide, AXA, SAP & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 27 NOVIEMBRE AL 04 DICIEMBRE 2019 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Airbus, Air Liquide, AXA, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr y Unicaja Sin cambios esta semana.

Research Department

IBERIAN DAILY 02 DECEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: GAS SECTOR, IBERDROLA, MEDIASET ESPAÑA, MERLIN PROPERTIES, NATURGY, SACYR. MARKETS YESTERDAY AND TODAY Little movement, but with slight drops European markets saw profit taking in a session marked by the corrections in crude oil and the movement in debt curves. In the Euro Stoxx the best-performing sectors were Telecoms and Personal Household Goods vs. the drops in Autos and Retail, which were the worst performers. On the macro side, in Germany November’s unemployment rate fell sharply and unexpectedly. In Spain, mortgage signings had their worst September performance in 5 year...

Research Department

INFORME DIARIO 02 DICIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: IBERDROLA, IBERPAPEL, MEDIASET ESPAÑA, MERLIN, NATURGY, SACYR, SECTOR GAS ESPAÑA. EUROPA: UNICREDIT, VIVENDI. Poco movimiento con ligeras caídas Las bolsas europeas recogieron beneficios en una sesión marcada por las correcciones en el petróleo y el movimiento de las curvas. En el Euro STOXX los mejores sectores fueron Telecos y C. Personal frente a las perdidas de Autos y Retail que terminaron con el peor comportamiento de la sesión. Por el lado macro, en Alemania el número de parados de noviembre cayó de manera inesperada. En España la firma de ...

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 20 AL 27 NOVIEMBRE 2019 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Airbus, Air Liquide, Axa, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Masmóvil, Sacyr y Unicaja Sin cambios esta semana.

1 director sold

A director at Merlin Properties Socimi Sa sold 59,960 shares at 12.090EUR and the significance rating of the trade was 100/100. 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 ...

Alexandre Iatrides ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Christophe Chaput
  • Florent Laroche-Joubert
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Nicolas David
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/14/2019

...

Alexandre Iatrides ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Christophe Chaput
  • Florent Laroche-Joubert
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Nicolas David
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/11/2019

...

MERLIN PROPERTIES REIT is slightly downgraded to Slightly Positive due to an increasingly adverse environment

The independent financial analyst theScreener just slightly lowered the general evaluation of MERLIN PROPERTIES REIT (ES), active in the Real Estate Investment Trusts industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis date October 25, 2019, the closing price was EUR 13.07 and its potential was e...

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...

Ignacio Romero

REIT SECTOR REPORT: IN A SWEET SPOT (ANÁLISIS BANCO SABADELL)

In a sweet spot. The sector is in a sweet spot: rising rents along with ultra-low interest rates, or in other words, the best of both worlds. We release a sector report in which we reiterate our BUY recommendation in MRL (T.P. € 15.79/sh., +9% vs. previous T.P.) and LRE (T.P. € 9.82/sh., -10%), whereas in COL, following the strong performance in 2019 (+42%) we downgrade our recommendation from BUY to SELL (T.P. € 12.35/sh., +11%). We expect +13% NAV growth (2018-21) in COL, +7% in MRL and -1% in LRE. These figures, reflecting the different growth outlooks in the office and retail segments, are...

Ignacio Romero

INFORME SECTORIAL SOCIMI: UN MOMENTO DULCE (ANÁLISIS BANCO SABADELL)

Un momento dulce El sector vive un momento dulce: inflación de rentas combinado con tipos de interés ultra-bajos, es decir, lo mejor de ambos mundos. Publicamos informe donde reiteramos COMPRAR en MRL (P.O. 15,79 euros/acc., +9% vs anterior) y LRE (P.O. de 9,82 euros/acc. -10%) mientras que en COL, y tras el buen comportamiento en 2019 (+42%), rebajamos recomendación de COMPRAR a VENDER (P.O. 12,35 euros/acc, +11% vs anterior). Esperamos un crecimiento TACC del NAV’2018-2021e del +13% en COL, del +7% en MRL y del -1% en LRE, cifras que reflejan los distintos ritmos de crecimiento de oficinas v...

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 23 TO 30 OCTOBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio We lower Volkswagen’s weight and raise that of Airbus. European High Yield Portfolio Air Liquide, Allianz, Daimler, SAP & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Applus, CAF, Dominion, Enagás, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Valérie GASTALDY

Short term view - MERLIN PROPERTIES SOCIMI SA : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €10.640. The background trend would be questioned should prices rise above €12.000.

Valérie GASTALDY

Analyse court terme - MERLIN PROPERTIES SOCIMI SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 10,640 €. La tendance de fond serait remise en cause en cas de franchissement de 12,000 €.

Valérie GASTALDY

Short term view - MERLIN PROPERTIES SOCIMI SA : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €10.640. The background trend would be questioned should prices rise above €12.000.

Valérie GASTALDY

Analyse court terme - MERLIN PROPERTIES SOCIMI SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 10,640 €. La tendance de fond serait remise en cause en cas de franchissement de 12,000 €.

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