How to buy Carindale Property shares | A$3.36

Carindale Property Trust is a reit—retail business based in Australia. Carindale Property shares (CDP) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $3.36 – an increase of 10.16% over the previous week. Carindale Property has a trailing 12-month revenue of around $51.7 million.

How to buy shares in Carindale Property

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Carindale Property. Find the share by name or ticker symbol: CDP. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Carindale Property reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $3.36, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Carindale Property. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Carindale Property share price

Use our graph to track the performance of CDP stocks over time.

Carindale Property shares at a glance

• Key figures

Information last updated 2020-09-15.

Latest market close	AUDA$3.36
52-week range	AUDA$2.56 - AUDA$6.64
50-day moving average	AUDA$2.9178
200-day moving average	AUDA$3.4091
Target price	AUDA$7.99
PE ratio	21.3892
Dividend yield	AUDA$0.36 (11.75%)
Earnings per share (TTM)	AUDA$0.293

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Carindale Property stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Carindale Property Trust by TradingView

Carindale Property price performance over time

Historical closes compared with the last close of A$3.36

1 week (2020-09-10)	9.45%
1 month (2020-08-19)	17.07%
3 months (2020-06-19)	-14.94%
6 months (2020-03-19)	1.82%

1 year (2019-09-19)	-49.17%
2 years (2018-09-19)	-58.26%
3 years (2017-09-19)	-58.00%
5 years (2015-09-18)	-51.65%

Is Carindale Property under- or over-valued?

Valuing Carindale Property stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Carindale Property's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Carindale Property's P/E ratio

Carindale Property's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 21x. In other words, Carindale Property shares trade at around 21x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Carindale Property financials

Revenue TTM	$51.7 million
Operating margin TTM	63.07%
Gross profit TTM	$32.9 million
Return on assets TTM	2.54%
Return on equity TTM	-21.4%
Profit margin	-208.5%
Book value	6.329
Market capitalisation	$221.4 million

TTM: trailing 12 months

Carindale Property share dividends

Dividend payout ratio: 123.68% of net profits

Recently Carindale Property has paid out, on average, around 123.68% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 11.75% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Carindale Property shareholders could enjoy a 11.75% return on their shares, in the form of dividend payments. In Carindale Property's case, that would currently equate to about A$0.36 per share.

Carindale Property's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 29 December 2019 (the "ex-dividend date").

Carindale Property share price volatility

Over the last 12 months, Carindale Property's shares have ranged in value from as little as $2.56 up to $6.64. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Carindale Property's is 0.7837. This would suggest that Carindale Property's shares are less volatile than average (for this exchange).

Carindale Property overview

Westfield Carindale is situated in an affluent quarter of Brisbane's south-eastern suburbs approximately 12 kilometres from the Brisbane CBD. The centre services a trade area population of approximately 690,000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access. One of the city's leading retail and lifestyle destinations, Westfield Carindale is home to many of Australia's most well-known retailers including David Jones, Myer, Harris Scarfe, Big W, Target, Coles, Woolworths, ALDI and Apple, as well as a host of premium fashion brands. An Event Cinemas complex and a range of other retailers including approximately 400 specialty stores complete the retail offer while the adjoining Carindale Home & Leisure Centre offers bulky goods retail.

Frequently asked questions

• What percentage of Carindale Property is owned by insiders or institutions?

  Currently 2.62% of Carindale Property shares are held by insiders and 64.193% by institutions.

• When does the fiscal year end for Carindale Property?

  Carindale Property's fiscal year ends in June.

• Where is Carindale Property based?

  Carindale Property's address is: 85 Castlereagh Street, Sydney, NSW, Australia, 2000

• What is Carindale Property's ISIN number?

  Carindale Property's international securities identification number is: AU000000CDP1