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Wharf Real Estate Investment Co (WRFRF)
OTHER OTC:WRFRF
RESEARCH TOOLSreports
Wharf Real Estate Investment Co (WRFRF) Stock Price & Analysis
9 Followers
WRFRF Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.38 - $5.53
Previous Close$2.73
Volume9.00K
Average Volume (3M)8.43K
Market Cap
$8.28B
Enterprise Value$14.64B
Total Cash (Recent Filing)HK$1.34B
Total Debt (Recent Filing)HK$46.49B
Price to Earnings (P/E)13.6
Beta0.32
Next Earnings
Aug 06, 2024EPS Estimate
$0.15Last Dividend Ex-Date
Apr 05, 2024Dividend Yield5.99%
Share Statistics
EPS (TTM)0.20
Shares Outstanding3,036,227,327
10 Day Avg. Volume9,440
30 Day Avg. Volume8,428
Standard Deviation0.10
R-Squared0.14
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$3.76Price Target Upside48.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Bulls Say, Bears Say
Bulls Say
Debt ReductionWREIC paid down HK$9bn of debt (19% decline) in 2023 with retained earnings and long-term investments (~HK$7.4bn).
ExpansionLuxury retail brands expanding their footprint amid softer rents.
Tenant ConfidenceThe return of LV to Times Square is a testament to luxury partners' confidence in WREIC's long-term strategy for the asset.
Bears Say
Office Rents And OccupancyIntensifying competition with non-Central locations like Kowloon East is dragging spot office rents lower.
Retail Sales PerformanceHong Kong's retail sales fell by 7%, indicating significant headwinds for the sector.
Retail Sales TrendsVisible deterioration in retail sales trends, especially in discretionary and luxury sectors, presents no immediate earnings catalysts.
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Options Prices
Currently, No data available
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Ownership Overview
0.00%
Insiders
3.66% Mutual Funds
4.24% Other Institutional Investors
92.10% Public Companies and
Individual Investors
WRFRF FAQ
What was Wharf Real Estate Investment Co’s price range in the past 12 months?
Wharf Real Estate Investment Co lowest stock price was $2.38 and its highest was $5.53 in the past 12 months.
What is Wharf Real Estate Investment Co’s market cap?
Currently, no data Available
When is Wharf Real Estate Investment Co’s upcoming earnings report date?
Wharf Real Estate Investment Co’s upcoming earnings report date is Aug 06, 2024 which is in 21 days.
How were Wharf Real Estate Investment Co’s earnings last quarter?
Wharf Real Estate Investment Co released its earnings results on Mar 07, 2024. The company reported $0.132 earnings per share for the quarter, the consensus estimate of $0.132 by $0.
Is Wharf Real Estate Investment Co overvalued?
According to Wall Street analysts Wharf Real Estate Investment Co’s price is currently Undervalued.
Does Wharf Real Estate Investment Co pay dividends?
Wharf Real Estate Investment Co pays a Annually dividend of $0.08 which represents an annual dividend yield of 5.99%. See more information on Wharf Real Estate Investment Co dividends here
What is Wharf Real Estate Investment Co’s EPS estimate?
Wharf Real Estate Investment Co’s EPS estimate is $0.15.
How many shares outstanding does Wharf Real Estate Investment Co have?
Wharf Real Estate Investment Co has 3,036,227,300 shares outstanding.
What happened to Wharf Real Estate Investment Co’s price movement after its last earnings report?
Wharf Real Estate Investment Co reported an EPS of $0.132 in its last earnings report, expectations of $0.132. Following the earnings report the stock price went up 5.994%.
Which hedge fund is a major shareholder of Wharf Real Estate Investment Co?
Currently, no hedge funds are holding shares in WRFRF
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Wharf Real Estate Investment Co Stock Smart Score
Unlock Smart Score
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Technicals
SMA
Negative
20 days / 200 days
Momentum
-44.47%
12-Months-Change
Fundamentals
Return on Equity
2.49%
Trailing 12-Months
Asset Growth
-3.93%
Trailing 12-Months
Company Description
Wharf Real Estate Investment Co
Wharf spun off Wharf Real Estate Investment Co in November 2017. WREIC is now a leading property investor in Hong Kong, with a focus on prime retail assets. Rental income, mostly from two flagship malls, accounts for 95% of the company's operating profit, while the hotel operation contributes the remaining 5%. The company holds a few projects in China that it expects to wind down or dispose of over the next few years.Wharf was originally a shipping company, but transformed into a property developer and investor in the 1960s by redeveloping its unused industrial assets, many located in city-center or waterfront locations. Wheelock previously held a 55% stake in Wharf; following the spin-off, Wheelock now holds a 66% stake in WREIC after recent rounds of share acquisition.
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WRFRF Stock 12 Month Forecast
Average Price Target
$3.76
▲(48.62% Upside)
Technical Analysis
Best Analysts Covering WRFRF
1 Year
1 Year Success Rate
1/2 ratings generated profit
1 Year Average Return
+15.25%
upgraded a buy rating 5 months ago
Copying Simon Cheung's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +15.25% per trade.
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