MERLIN Properties SOCIMI (MRPRF) Set to Post Earnings on Thursday

MERLIN Properties SOCIMI (OTCMKTS:MRPRF) is projected to post its results before the market opens on Thursday, November 12th. Analysts expect the company to post earnings of $0.1586 per share and revenue of $170.83 million for the quarter.

MERLIN Properties SOCIMI Price Performance

Shares of MRPRF opened at $13.00 on Thursday. MERLIN Properties SOCIMI has a 12 month low of $12.74 and a 12 month high of $18.43. The stock’s 50 day moving average is $13.96 and its two-hundred day moving average is $16.25.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MRPRF shares. Citigroup reaffirmed a “neutral” rating on shares of MERLIN Properties SOCIMI in a research note on Wednesday, September 23rd. Barclays cut shares of MERLIN Properties SOCIMI from an “overweight” rating to a “reduce” rating in a research note on Monday, August 24th. Morgan Stanley reissued an “overweight” rating on shares of MERLIN Properties SOCIMI in a report on Tuesday, September 1st. Finally, Jefferies Financial Group raised shares of MERLIN Properties SOCIMI from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

MERLIN Properties SOCIMI Company Profile

MERLIN Properties SOCIMI, SA is a Spanish real estate investment company organized under the SOCIMI, or Spanish REIT, regime. The company owns, develops and manages income-producing commercial properties, with a focus on office buildings, logistics facilities and shopping centers.

MERLIN’s portfolio is concentrated in Spain and Portugal, including major business and logistics markets such as Madrid, Barcelona and Lisbon. Its activities include leasing and managing properties for corporate tenants, developing and repositioning assets, and operating specialized real estate platforms, including data-center facilities.

Founded in 2014, MERLIN became one of Spain’s largest listed real estate companies through acquisitions and portfolio expansion across the Iberian Peninsula.