Covivio shares rebound 2.5% but remain down 15.5% over the quarter

A rebound that brings the stock back above its 20-day moving average

Covivio shares rise 2.5% to €45.06, while the CAC 40 gains 1.54% and the SBF 120 gains 1.5%.

The stock sits 2.99% above its 20-day moving average (MA20) at €43.75, a level it had lost during the decline, but remains 1.55% below its 50-day moving average (MA50) at €45.77, which stands as the next immediate reference level. This intraday gain only partially offsets the 15.62% decline over three months, far from erasing it. It adds to a 2.22% rise over the week, while the stock is down a further 17.85% over one year.

In this market, Covivio is not among the leading stocks of the SBF 120, but its gain exceeds that of the index. Historically, the real estate company's share price has moved inversely to the OAT-Bund spread: this spread stood at 1.62 points at the latest update, with the 10-year OAT at 4.93% as of November 3.

Stable nine-month revenue and confirmed target for recurring net income

On the fundamentals side, nine-month revenue, published on October 21, 2026, came in at €530.7 million attributable to the Group, almost stable on a current-scope basis (-0.4%). On that day, Covivio confirmed its target of an increase of around 4% in recurring net income per share in 2026.

At the time of this publication, revenue growth on a constant-scope basis accelerated to +2.7%, and a pipeline of twelve hotel redevelopment projects was cited, representing €138 million in investments and an expected average yield of 13%.

According to the consensus of the analysts surveyed, the stock trades at approximately 9.1 times earnings for the current fiscal year. Among the risks cited by the company on this occasion is the rise in interest rates, which weighs on the cost of financing.

The stock is trading 5.6% below its resistance at €46.40, and its support lies at €42.64.