Auckland Airport Shares: How To Buy In?

Auckland International Airport Limited (AIA.NZ) is listed on the New Zealand and Australian stock exchanges. The company provides airport facilities, infrastructure, and aeronautical services in Auckland, New Zealand, and is one of the country's major freight centres. As of 27 November 2024, the price of an Auckland International Airport share was $8.22. The share price has been steadily rising, and the stock is predicted to reach $7.96 in the next 3 months. To buy shares in Auckland International Airport, you will need a share-dealing account with an online or offline stockbroker.

Where to buy Auckland Airport shares

Shares of Auckland International Airport Limited (AIA.NZ) can be purchased through any brokerage firm, including online brokerage services. The shares are listed on the New Zealand Stock Exchange (NZX) and the Australian Stock Exchange (ASX) under the code AIA.

To buy shares in Auckland International Airport, you will need to open a share-dealing account with a stockbroker or financial advisor. You can then search for and select the shares you want to buy.

If you have any questions or queries regarding your shareholding account, you can contact Auckland Airport's share registrar, Link Market Services.

Dividend and yield

Dividends are payments made by a corporation to its shareholders, and they may be issued as cash or in the form of further shares. Dividend yield is the percentage of a company's share price that it pays out in dividends each year. Dividend yield is calculated by dividing the annual dividend by the share price and multiplying by 100.

Auckland International Airport Limited (AIA.NZ) pays dividends on its shares. The last reported dividend was 4.0 cents per share for the 2023 financial year. The dividend yield for Auckland International Airport shares is 1.51% based on the trailing twelve-month period. The annual dividend per share is $0.37, with the last dividend payment of $0.18 per share being made on October 11, 2024.

To receive a dividend, you must own shares in Auckland International Airport before the ex-dividend date. Dividends can be reinvested into additional Auckland Airport shares through a dividend reinvestment plan (DRP) available to shareholders resident in New Zealand or Australia.

Share price history

Auckland International Airport Limited is listed on the New Zealand and Australian stock exchanges under the code AIA.NZ or ASX:AIA. The share price as of 27 November 2024 was $8.22, with a 52-week high of $8.80 and a 52-week low of $7.07. The share price rose by 2.11% on 27 November 2024, with a volume of 2 million shares traded for approximately $17.18 million.

The share price history shows some fluctuation, with a general upward trend. For example, between 10 October 2023 and 8 October 2024, the share price adjusted for splits and dividends, fluctuated between a high of $8.80 and a low of $7.07.

In the short term, the stock is predicted to reach $7.96 in the next 3 months, with a potential trading interval of +/-$0.199 (+/-2.42%) from the closing price on 27 November 2024.

As of 9 February 2025, the current share price is $7.84, down 0.76% from the previous week's closing price of $7.90.

As of 3 January 2025, shares were trading at NZ$8.75, with a 52-week change of $0.12 (1.41%).

The overall consensus recommendation for Auckland International Airport shares is to "hold", with a dividend yield of 1.51%.

Analyst consensus

The overall consensus recommendation for Auckland International Airport is to hold. The 12-month analyst consensus target price for shares in Auckland International Airport is NZ$8.01, which is 8.49% below the last closing price of NZ$8.75. This target price is based on a poll of nine analysts.

Analysts covering Auckland International Airport have a consensus Earnings Per Share (EPS) forecast of NZ$0.20 for the next financial year.

Auckland International Airport's share price has outperformed the ASX All Ordinaries Index by +7.57% over the past six months. As of the last closing price of NZ$8.75, shares in Auckland International Airport were trading +13.39% higher than their 200-day moving average.

The PE ratio (or price-to-earnings ratio) for Auckland International Airport is 42.9. This is calculated by dividing a company's price per share by its earnings per share. The higher the PE, the more expensive the stock.

Company description

Auckland International Airport Limited (AIAL) is a company that provides airport facilities, supporting infrastructure, and aeronautical services in Auckland, New Zealand. It is one of the largest listed companies in New Zealand and is considered one of the country's most important infrastructure assets, providing several thousand jobs for the region. The airport is located near Māngere, a residential suburb, and Airport Oaks, a service-hub suburb 21 kilometres (13 miles) south of Auckland's city centre. It is the principal hub for Air New Zealand and the New Zealand operating base for Jetstar.

AIAL operates through three main segments: Aeronautical, Retail, and Property. The Aeronautical segment offers services that facilitate the movement of aircraft, passengers, and cargo, as well as utility services that support the airport's operations. This segment also generates rental revenue from leasing space in facilities such as terminals. The Retail segment provides services to retailers within the terminals and offers car parking facilities for passengers, visitors, and airport staff. The Property segment earns rental income from leasing space on airport land outside the terminals, including cargo buildings, hangars, and standalone investment properties.

Auckland Airport has a diverse revenue stream, adopting a 'dual-till' approach with aeronautical and non-aeronautical balance sheets. Aeronautical income is derived from airfield charges, terminal services charges, and airport development fees, while non-aeronautical revenue comes from property rentals, car parking, and retail operations. The company has a Standard & Poor's credit rating of A+/Stable/A-1.

The airport currently has two terminals, International and Domestic, with plans announced in 2023 to replace the existing domestic terminal. The International Terminal has three levels, with departures and arrivals occupying separate halves of the building. The Domestic Terminal is divided into two sections, with Jetstar and Air New Zealand operating from different ends of the terminal. Auckland Airport connects to 23 domestic and 41 international destinations across North and South America, Asia, Oceania, and the Middle East.

Auckland Airport strives to be a sustainable business, respecting people, the community, and the environment to create long-term value for its stakeholders. The company is listed on both the New Zealand and Australian stock exchanges under the code AIA.

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