Impact Healthcare REIT (LON:IHR) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Impact Healthcare REIT (LON:IHR) in a research note released on Tuesday morning, MarketBeat.com reports. The brokerage currently has a GBX 114 ($1.44) price objective on the stock.

Impact Healthcare REIT Stock Performance

Shares of IHR stock opened at GBX 85.20 ($1.08) on Tuesday. The business’s fifty 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 PE 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 Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 17th. Stockholders of record on Thursday, May 2nd were given 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 presently 17,500.00%.

Insider Activity at Impact Healthcare REIT

In other news, insider Cedi Frederick bought 11,748 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of GBX 85 ($1.08) per share, with a total value of £9,985.80 ($12,630.66). 8.00% of the stock is owned by insiders.

Impact Healthcare REIT Company Profile

Impact Healthcare REIT plc is a specialist and responsible owner of care homes and other healthcare properties across the UK. Elderly care is an essential service and demand for it is high and continues to grow as the UK's population gets older. We work with our tenants so we can grow together and help them care for more people, while continuing to improve our homes for their residents.