The Share
The share and share capital
As of 31 December 2019, the share capital of MERLIN Properties SOCIMI, S.A. amounted to € 469,770,750, represented by 469,770,750 fully subscribed and paid shares with a nominal value of 1 euro each, all of which are of the same class and confer the holders thereof the same rights. All the shares are quoted on the four national stock exchanges: Madrid, Barcelona, Bilbao and Valencia. The Company’s Reuters and Bloomberg code is MRL.MC and MRL:SM, respectively.
Share capital evolution
| Date | Transaction | # shares after transaction |
| 25 March 2014 | Incorporation | 60.000 |
| 30 June 2014 | Capital increase | 125.000.000 |
| 14 July2014 | Capital increase | 4.152.001 |
| 8 May 2015 | Capital increase | 64.605.999 |
| 7 August 2015 | Capital increase | 129.212.000 |
| 28 October 2016 | Capital increase | 146.740.750 |
| Current number of shares | 469.770.750 |
Participaciones Significativas y Consejeros
Treasury Stock
The treasury stock situation as of 30 June 2020 is described below:
| Directs | Indirects | |
| Shares | 4,973,861 | – |
| % | 1.059% | – |
The last communication provided and reported by CNMV is dated as of 20 November 2018, in accordance to the RD 1366/2007.
Dividends
| Type | Payment date |
Ex dividend date |
Record date |
Concept | Gross amount per share |
| Final 2019 | July 8 2020 | June 25 2020 | June 26 2020 | Dividend | 0.14741659 |
| On account 2019 | October 28 2019 | October 18 2019 | October 21 2019 | Dividend | 0.20 |
| Final 2018 | May 7 2019 | April 29 2019 | April 30 2019 | Dividend | 0.20270039 |
| Final 2018 | May 7 2019 | April 29 2019 | April 30 2019 | Share premium distribution | 0.09729961 |
| On account 2018 | October 25 2018 | October 17 2018 | October 18 2018 | Dividend | 0.20 |
| Final 2017 | May 25 2018 | May 16 2018 | May 17 2018 | Dividend | 0.02053654 |
| Final 2017 | May 25 2018 | May 16 2018 | May 17 2018 | Share premium distribution | 0.23946346 |
| On account 2017 | October 25 2017 | October 17 2017 | October 18 2017 | Dividend | 0.20 |
| Final 2016 | May 18 2017 | April 25 2017 | April 26 2017 | Dividend | 0.10071014 |
| Final 2016 | May 18 2017 | April 25 2017 | April 26 2017 | Share premium distribution | 0.09928767 |
| On account 2016 | October 25 2016 | October 18 2016 | October 19 2016 | Dividend | 0.185 |
| On account 2016 | October 25 2016 | September 13 2016 | September 15 2016 | Share premium distribution | 0.02 |
| Final 2015 | April 27 2016 | April 7 2016 | April 6 2016 | Dividend | 0.005692 |
| Final 2015 | April 27 2016 | April 7 2016 | April 6 2016 | Share premium distribution | 0.102608 |
| On account 2015 | October 28 2015 | October 15 2015 | October 14 2015 | Dividend | 0.0775 |
Share price
Analysts Recommendations
| Broker | Report date | Recommendation | Target Price |
| Alantra | 23/09/2020 | Buy | 9.05 |
| Morgan Stanley | 03/09/2020 | Neutral | 8.00 |
| Citi | 07/08/2020 | Sell | 5.90 |
| BPI | 05/08/2020 | Buy | 9.55 |
| Barclays | 03/08/2020 | Buy | 8.90 |
| Kepler Cheuvreux | 30/07/2020 | Buy | 11.10 |
| JB Capital Markets | 27/07/2020 | Neutral | 10.50 |
| Renta 4 | 21/07/2020 | Buy | 9.90 |
| Santander | 11/06/2020 | Buy | 9.60 |
| Goldman Sachs | 08/06/2020 | Sell | 6.10 |
| Sabadell | 05/06/2020 | Buy | 10.17 |
| Bank of America | 07/05/2020 | Sell | 7.00 |
| Bankinter | 27/04/2020 | Buy | 10.56 |
| BBVA | 21/04/2020 | Buy | 9.60 |
| Green Street Advisors | 01/04/2020 | Sell | 6.71 |
| JP Morgan | 01/04/2020 | Buy | 11.00 |
| Intermoney | 17/02/2020 | Buy | 14.50 |
| Mirabaud | 14/02/2020 | Neutral | 14.10 |
| Oddo BHF | 22/10/2019 | Buy | 14.55 |
| Kempen & Co | 11/10/2019 | Buy | 15.00 |
| Exane BNP Paribas | 31/05/2019 | Buy | 13.90 |
| GVC Gaesco | 14/05/2019 | Buy | 14.49 |
| ING | 08/03/2019 | Buy | 13.80 |
| Fidentiis | 17/01/2019 | Buy | 14.50 |
| UBS | 31/07/2018 | Buy | 13.00 |
