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Merlin Properties, SOCIMI, S.A. Stock: price and insider trades · Spain
5 insiders bought €329k of shares over the last 90 days, the latest by Fernando Ferrero Cantan, filed 18 Oct 2026.
Cluster: 4 buyers in 30 daysInsider Decl.
287
Thresholds
n/a
Buy Volume
€19M
207 ops. · all time
Sell Volume
€6M
17 ops. · all time
Who traded when
BuySaleFernando Ramírez Baeza11 buys
Ismael Clemente Orrego5 buys
Jose Navarro Pinuaga2 buys3 sales
Fernando Ferrero Cantan4 buys
Inés Arellano Galíndez4 buys
Manuel García Casas2 buys2 sales
+11 other insiders
Since the insiders bought
- -9.2%Entry €12.84 · Close 16 Oct 2026 €11.66
- -20.9%Entry €14.75 · Close 16 Oct 2026 €11.66
- -23.3%Entry €15.20 · Close 16 Oct 2026 €11.66
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Merlin Properties, SOCIMI, S.A. Buy (bullish), based on 21 analysts. Average price target: €17.24.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 7,880 of 26,246 companies
61.6
score / 100
Value66
Quality57
FCF yld5.6%
Earn yld11%
EV/EBITDA12.8x
ROE9.9%
Gross mgn78%
Net mgn·
Debt/EBITDA5.3x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
€11.60
Analyst consensus
21 analystsBuy
€13.60Target €17.24(+49%)€20.85
Income statement
Revenue€539.0M
Gross profit€421.0M78% margin
EBITDA€954.2M177% margin
Net income€786.1M141.7% margin
Valuation
PER (trailing)7.9x
PER (forward)20.7x
P/Book0.8x
Beta0.93
Balance sheet & cash
Market cap€7.2B
Total debt€5.1B
Free Cash Flow€405.0M
Debt / Equity56%
Profitability & ownership
ROE9.9%
ROA1.8%
% insiders33.2%
% institutions35.7%
Last declaration on 18 October 2026
Declarations287 total
1,000 shares@ €11.410.0002% mcap3.7% of flowShareXMADISIN ES0105025003CNMV:2026134382
Canonical exit: 13 Jan 2027 (T+90)
1,850 shares@ €11.420.0003% mcap3.1% of flowShareXMADISIN ES0105025003CNMV:2026134383
Canonical exit: 13 Jan 2027 (T+90)
10,000 shares@ €11.490.0016% mcap23.6% of flowShareXMADISIN ES0105025003CNMV:2026133662
Canonical exit: 13 Jan 2027 (T+90)
11,000 shares@ €11.800.0017% mcap3.7% of flowShareXMADISIN ES0105025003CNMV:2026129651
Canonical exit: 30 Dec 2026 (T+90)
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Executives
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1,058 shares@ €12.940.0002% mcap11.2% of flowShareXMADISIN ES0105025003CNMV:2026120971
Canonical exit: 8 Dec 2026 (T+90)
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Executives
0CNMV
2,565 shares@ €14.800.0005% mcap5.8% of flowShareXMADISIN ES0105025003CNMV:2026108897
Canonical exit: 28 Oct 2026 (T+90)
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870 shares@ €13.780.0001% mcap0.4% of flowShareXMADISIN ES0105025003CNMV:2026072685
Canonical exit: 28 Jun 2026 (T+90)
870 shares@ €13.780.0001% mcap9.8% of flowShareXMADISIN ES0105025003CNMV:2026072682
Canonical exit: 28 Jun 2026 (T+90)
870 shares@ €13.780.0001% mcap8.8% of flowShareXMADISIN ES0105025003CNMV:2026072681
Canonical exit: 28 Jun 2026 (T+90)
870 shares@ €13.780.0001% mcap0.8% of flowShareXMADISIN ES0105025003CNMV:2026072684
Canonical exit: 28 Jun 2026 (T+90)
3,475 shares@ €14.470.0006% mcap100.0% of flowShareXMADISIN ES0105025003CNMV:2026072688
Canonical exit: 17 Aug 2026 (T+90)
10,530 shares@ €15.390.0018% mcap24.0% of flowShareXMADISIN ES0105025003CNMV:2026072673
4,030 shares@ €14.940.0007% mcap8.9% of flowShareXMADISIN ES0105025003CNMV:2026072676
870 shares@ €13.780.0001% mcap1.8% of flowShareXMADISIN ES0105025003CNMV:2026072677
Canonical exit: 28 Jun 2026 (T+90)
870 shares@ €13.780.0001% mcap4.0% of flowShareXMADISIN ES0105025003CNMV:2026072678
Canonical exit: 28 Jun 2026 (T+90)
870 shares@ €13.780.0001% mcap3.2% of flowShareXMADISIN ES0105025003CNMV:2026072686
Canonical exit: 28 Jun 2026 (T+90)
870 shares@ €13.780.0001% mcap1.8% of flowShareXMADISIN ES0105025003CNMV:2026072680
Canonical exit: 28 Jun 2026 (T+90)
25 of 287 declarations
About Merlin Properties, SOCIMI, S.A.
Merlin Properties, SOCIMI, S.A. is a Spanish real estate company listed on the Madrid stock exchange, with a market capitalisation of EUR 7.1 billion. Its record leans toward buying: 131 purchases worth EUR 15.2 million (median EUR 23,825) against 11 sales worth EUR 4.2 million, or 92% purchases among open-market trades.
The two largest purchases are identical: EUR 2,684,223 for Ismael Clemente Orrego, Consejero y Consejero delegado, on March 7, 2022, and the same amount for Miguel Ollero Barrera, Consejero ejecutivo, on March 8, 2022. Francisco Rivas Gonzalez, Directivo, bought EUR 1,075,025 on March 7, 2022. From February 27 to March 27, 2025, 12 insiders bought EUR 330,064 in total.
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On the sales side, Miguel Oñate Rino, Directivo, sold EUR 1,375,000 on October 28, 2025, and Luis Lazaro Gomez, Directivo, EUR 594,515 on October 18, 2024 and EUR 530,750 on December 12, 2023.
The record holds 182 filings from June 3, 2021 to October 18, 2026, 66 of them in 2022, from 56 filers. Over the last twelve months, 36 filings, 21 purchases and 6 sales. For the 125 purchases with a 90-day result: a median of 0.6%, with 58% of results positive, recorded past results, not a forecast.
