Analyst Reiterates Buy Rating for Impact Healthcare REITAnalyst Reiterates Buy Rating for Impact Healthcare REIT Jefferies Financial Group has maintained its buy rating for Impact Healthcare REIT (LON: IHR), with a target price of GBX 114 ($1.44) per share. The brokerage cited the company’s strong fundamentals and growth prospects. Strong Financial Performance Shares of IHR opened at GBX 85.20 on Tuesday and currently trade with a 50-day moving average of GBX 86.25 and a 200-day moving average of GBX 85.26. The company has a market capitalization of £353.04 million, a price-to-earnings ratio of 2,130.00, and a dividend yield of 2.08%. Dividend Increase Impact Healthcare REIT recently announced a dividend increase to GBX 1.74 per share, resulting in a dividend payout ratio of 17,500.00%. This represents a yield of 2.08%. Insider Activity Insider Cedi Frederick recently purchased 11,748 shares of IHR stock at an average price of GBX 85 per share, indicating insider confidence in the company. Company Profile Impact Healthcare REIT is a UK-based owner of care homes and healthcare properties. The company focuses on providing high-quality care homes for the elderly population, which is expected to continue growing as the UK population ages. Conclusion Analysts remain optimistic about the prospects of Impact Healthcare REIT, citing its strong financial performance, dividend increase, and insider activity. Jefferies recommends buying the stock with a target price of GBX 114 per share.
Jefferies Financial Group reiterated its buy rating on shares of Impact Healthcare REIT (LON:IHR – Free Report) in a research note released Tuesday morning, MarketBeat.com reports. The brokerage currently has a GBX 114 ($1.44) price target on the stock.
Impact Healthcare REIT Stock Return
Shares of IHR opened at GBX 85.20 ($1.08) on Tuesday. The company’s 50-day simple moving average is GBX 86.25 and its 200-day simple moving average is GBX 85.26. The company has a market cap of £353.04 million, a price/earnings ratio of 2,130.00, a PEG ratio of 1.95 and a beta of 0.33. The company has a current ratio of 2.54, a quick ratio of 2.37 and a debt-to-equity ratio of 39.36. Impact Healthcare REIT has a 12-month low of GBX 77.10 ($0.98) and a 12-month high of GBX 96.90 ($1.23).
Impact Healthcare REIT Raises Dividend
The company also recently declared a dividend, which was paid on Friday, May 17th. Shareholders of record on Thursday, May 2nd were paid a dividend of GBX 1.74 ($0.02) per share. The ex-dividend date was Thursday, May 2nd. This is an increase from Impact Healthcare REIT’s previous dividend of $1.69. This represents a dividend yield of 2.08%. Impact Healthcare REIT’s dividend payout ratio is currently 17,500.00%.
Insider Activity at Impact Healthcare REIT
In other news, insider Cedi Frederick bought 11,748 shares of the company’s stock in a transaction that occurred on Monday, April 29. The shares were purchased at an average price of GBX 85 ($1.08) per share, for a total value of £9,985.80 ($12,630.66). 8.00% of the shares are held by insiders.
Company Profile of Impact Healthcare REIT
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Impact Healthcare REIT plc is a specialist and responsible owner of care homes and other healthcare properties in the UK. Elderly care is an essential service and demand is high and will continue to grow as the UK population ages. We work in partnership with our tenants so that we can grow together and help them care for more people, while continuing to improve our homes for their residents.
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