Transferring Coverage of Narrow-Moat Charter Hall Group, AUD 6.80 FVE Maintained
We have maintained our narrow-moat, Standard stewardship, and medium fair value uncertainty ratings for Charter Hall Group following the transfer of coverage to a new analyst. We have also maintained our AUD 6.80 fair value estimate and, at the current market price of AUD 10.57, continue to believe the shares are overvalued. Our fair value implies a fiscal 2019 P/E ratio of 16 and a dividend yield of 4.9%, or 6.2% with franking, versus a market price-based P/E ratio of 20 and yield of 3.8%, or 4...Charter Hall Group is engaged in the investment in property funds, and property funds management. Co. has the following two reportable segments: Property Investments, which comprises investments in property funds; as well as Property Direct Investments, which comprises direct interests in investment properties; and Property Funds Management, which comprises funds management services, property management services and other property services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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