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CA Immobilien Anlagen AG (CAI.VI)

Vienna - Vienna Delayed Price. Currency in EUR
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35.70-0.10 (-0.28%)
At close: 5:35PM CET
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Previous Close35.80
Open35.55
Bid38.75 x 106500
Ask33.00 x 505400
Day's Range35.55 - 35.90
52 Week Range20.65 - 41.85
Volume198,833
Avg. Volume172,395
Market Cap3.265B
Beta (5Y Monthly)0.82
PE Ratio (TTM)18.56
EPS (TTM)1.92
Earnings DateMar 24, 2021
Forward Dividend & Yield1.00 (2.79%)
Ex-Dividend DateAug 27, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • Aggregate Confirms It’s Considering Purchase of CA Immo Stake
      Bloomberg

      Aggregate Confirms It’s Considering Purchase of CA Immo Stake

      (Bloomberg) -- Aggregate Holdings SA “may be considering” a bid for a stake in CA Immobilien Anlagen AG, according to a statement Wednesday.The statement confirmed an earlier report from Bloomberg News that said the real estate investor was weighing a bid, potentially challenging U.S.-based Starwood Capital Group for control of the Austrian property firm.Aggregate Holdings expressed interest in December in acquiring Starwood Capital’s near 30% stake in CA Immo and was rebuffed, according to people familiar with the matter. It is now considering approaching other shareholders with an offer, the people said, asking not to be identified discussing confidential information.Starwood Capital is on the cusp of triggering a 34.44 euros-per-share offer for the remainder of CA Immo, which would value the group at 3.4 billion euros ($4.1 billion).Run by Barry Sternlicht, Starwood has been betting on CA Immo’s prime German office space and its big land bank in the capital Berlin and other German cities since buying its initial stake in 2018.Shares of CA Immo rose to 37.20 euros on Wednesday, the highest level since March 6.Aggregate is wholly owned by investor Guenther Walcher and already has exposure to property in Germany, including through its stake in Adler Real Estate AG, a landlord with links to Austrian businessman Cevdet Caner. Late last year, Aggregate sold 500 million euros in bonds in part to help fund future acquisitions, according to one prospectus.Any move for CA Immo could prove difficult given the size of Starwood Capital’s holding and because the U.S. group owns so-called golden shares that allow it to appoint supervisory board members.Discussions are ongoing and Aggregate could still decide against making an offer for CA Immo shares, according to the people. Representatives for Aggregate and Starwood Capital declined to comment.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

    • Aggregate Said to Weigh Rival Bid for Property Group CA Immo
      Bloomberg

      Aggregate Said to Weigh Rival Bid for Property Group CA Immo

      (Bloomberg) -- Aggregate Holdings SA is weighing a bid for CA Immobilien Anlagen AG, according to people familiar with the matter, potentially challenging U.S.-based Starwood Capital Group for control of the Austrian property group.The real estate investor expressed interest in December in acquiring Starwood Capital’s near 30% stake in CA Immo and was rebuffed, the people said, asking not to be identified discussing confidential information. It is now considering approaching other shareholders with an offer, the people said.Starwood Capital is on the cusp of triggering a 34.44 euros-per-share offer for the remainder of CA Immo, which will value the group at 3.4 billion euros ($4.1 billion). Run by Barry Sternlicht, Starwood Capital has been betting on CA Immo’s prime German office space and its big land bank in the capital Berlin and other German cities since buying its initial stake in 2018.Shares in CA Immo rose as much as 6.9% to 37.90 euros on Wednesday, the highest intraday level since March 9. They were up 5.8% at 2:27 p.m. in Vienna.Aggregate is wholly owned by investor Guenther Walcher and already has exposure to property in Germany, including through its stake in Adler Real Estate AG, a landlord with links to Austrian businessman Cevdet Caner. Late last year, Aggregate sold 500 million euros in bonds in part to help fund future acquisitions, according to one prospectus.Any move for CA Immo could prove difficult given the size of Starwood Capital’s holding and because the U.S. group owns so-called golden shares that allow it to appoint supervisory board members.Discussions are ongoing and Aggregate could still decide against making an offer for CA Immo shares, according to the people. Representatives for Aggregate and Starwood Capital declined to comment.(Updates with CA Immo share price in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

    • Bloomberg

      Starwood Launches $4.2 Billion Buyout Bid for Austrian Landlord

      (Bloomberg) -- Barry Sternlicht’s Starwood Capital Group, one of the largest real estate investors worldwide, plans to buy out shareholders in CA Immobilien Anlagen AG, offering a 12% premium to Friday’s closing price to value the Austrian commercial property group at 3.4 billion euros ($4.2 billion).Starwood, which raised its initial 26% stake in CA Immo to 30% over the course of 2020, will offer other holders 34.44 euros per share, it said in a statement late Friday. The buyout will be formally triggered under Austrian law when Starwood passes the 30% ownership threshold.With the move, Starwood is doubling down on its wager on CA Immo’s prime German office space and its big land bank in the capital Berlin and other German cities. The pandemic triggered a collapse in property stocks last spring, and the offer price is still 18% below CA Immo’s 2020 high of 41.85 euros.The bid is the equivalent to CA Immo’s “triple-net” asset value per share, the NAV adjusted to reflect the current market value of the company’s debt and financial derivatives, and to include the deferred tax which would become payable if the company sold all its property.“We believe the offer provides a welcome opportunity for shareholders and convertible bondholders to realize liquidity,” Krysto Nikolic, Starwood’s head of real estate for Europe said in the statement. “We look forward to continuing to support the company, and in connection with the offer, it is one of Starwood Capital’s objectives to maintain CA Immo’s investment-grade credit rating.”It’s a bet against the concern that business will require less space than pre-Covid as the global recession deepens and companies brace for a new normal. Surveys show companies plan to make more use of working from home once the pandemic subsides, with more than half intending to reduce the amount of workspace they use.Starwood first bought a 26% stake in CA Immo for 758 million euros, or 29.50 euros per share, in 2018, following a brief takeover tussle involving cross-town rivals Immofinanz AG and S Immo AG. It started to add shares in piecemeal transactions last April, coming within striking distance of the 30% trigger in the last week of the year. CA Immo’s second-biggest shareholder is S Immo with a 6% stake, while 6% of the stock is held as treasury shares.Starwood’s SOF-11 Klimt CAI Sarl vehicle, which will do the bidding, will also launch an offer for CA Immo’s convertible bonds that it doesn’t already own. The share offer price is on a cum-dividend basis, meaning it would be reduced by the amount of a dividend declared between announcement and settlement. There will be no minimum acceptance threshold.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.