MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF – Get Free Report)’s share price traded up 0.3% during mid-day trading on Thursday. The stock traded as high as $14.15 and last traded at $14.15. 1,400 shares were traded during trading, an increase of 207% from the average session volume of 456 shares. The stock had previously closed at $14.1080.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on MRPRF shares. Citigroup reiterated a “neutral” rating on shares of MERLIN Properties SOCIMI in a report on Wednesday. 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 reaffirmed an “overweight” rating on shares of MERLIN Properties SOCIMI in a report on Tuesday, September 1st. Finally, Jefferies Financial Group lowered shares of MERLIN Properties SOCIMI to a “hold” rating in a research note on Sunday, August 2nd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.
View Our Latest Research Report on MRPRF
MERLIN Properties SOCIMI Trading Up 0.3%
About MERLIN Properties SOCIMI
MERLIN Properties SOCIMI, SA is a Spanish real estate investment company structured as a SOCIMI, a form of real estate investment trust. The company owns, manages and develops income-producing properties, with a portfolio focused primarily on office buildings, logistics and industrial facilities, and shopping centers.
MERLIN’s activities include leasing commercial real estate, managing properties for tenants and undertaking redevelopment and development projects. The company has also expanded its presence in the data-center sector, complementing its traditional commercial real estate operations.
Founded in 2014 and headquartered in Madrid, MERLIN became one of Spain’s largest listed property companies through acquisitions and portfolio expansion.
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