Prepared by Dr. Priya Sharma, FRM, Head of Quantitative Research | Reviewed by Michael Brown, Lead Editor | Report ID: IGEMINI-55DCCAAF-20260531 | Data as of 2026-05-31
Executive Summary: Our multi-factor model assigns 409 valuation a Cautiously Constructive outlook for the next quarter. Key drivers include a P/E of 8.1x, -9.8% revenue expansion, and an RSI of 53 suggesting a neutral-bullish phase. We define critical support at $5040 and resistance at $6160.
Rating: Accumulate | Target Price: $6496 | Next Earnings: Jul 10
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Price action carved a Double Bottom, confirmed by a 0.8x volume spike on May 21, 2026. The support at $5040 was tested.
Bollinger Bands contracted to the 15th percentile, signaling a breakout. A close above $6440 would be bullish.
Ichimoku Cloud flipped bullish with the lagging span breaking above, confirming trend shift.
Free cash flow conversion remains robust at 77%, supporting the 4.9% dividend and buybacks.
EPS of $691.36 reveals high earnings quality. DuPont analysis highlights margin expansion as the key ROE driver.
Relative to Real Estate peers, 409 valuation sits at the 66th percentile in valuation, offering a potential value opportunity.
Beta of 1.79 suggests 409 valuation is {beta_desc} volatile than the market, influencing hedging strategies.
Dark pool prints show a 32%% surge in block trades, indicating institutional accumulation before Jul 10 earnings.
Options skew is toward call at the 6160 strike, positioning for a directional move.
| Metric | Value | Sector Avg |
|---|---|---|
| Last Price | $5600 | $5320 |
| Market Cap | $9.32B | $10.25B |
| P/E Ratio | 8.1x | 6.9x |
| EPS (TTM) | $691.36 | $622.22 |
| Dividend Yield | 4.9% | 3.4% |
| Revenue Growth | -9.8% | -5.9% |
| Target Price | $6496 | - |
| Beta | 1.79 | 1.00 |