MERLIN Properties SOCIMI (MRPRF) to Release Earnings on Friday

MERLIN Properties SOCIMI (OTCMKTS:MRPRF) is projected to release its results before the market opens on Friday, February 27th. Analysts expect MERLIN Properties SOCIMI to post earnings of $0.1409 per share and revenue of $165.9590 million for the quarter.

MERLIN Properties SOCIMI Trading Up 6.0%

Shares of OTCMKTS:MRPRF opened at $16.33 on Thursday. The company’s fifty day moving average is $14.67 and its 200 day moving average is $14.85. MERLIN Properties SOCIMI has a 52 week low of $9.41 and a 52 week high of $16.33.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of MERLIN Properties SOCIMI in a report on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, MERLIN Properties SOCIMI has a consensus rating of “Buy”.

About MERLIN Properties SOCIMI

Merlin Properties Socimi, SA is a Spanish real estate investment trust (SOCIMI) headquartered in Madrid. The company specializes in the acquisition, development and management of commercial real estate assets, including office, retail, logistics and residential properties. Merlin’s operations encompass strategic asset repositioning, leasing and day-to-day property management to enhance portfolio performance and tenant satisfaction.

Founded in April 2014 through the spin-off of Metrovacesa’s portfolio, Merlin Properties has pursued growth via disciplined investments and selective mergers, most notably its 2017 combination with Hispania Activos Inmobiliarios.