Assura (AGR)

Sector:

Health Care

Index:

FTSE 250

42.32p
   
  • Change Today:
      0.42p
  • 52 Week High: 52.60
  • 52 Week Low: 39.46
  • Currency: UK Pounds
  • Shares Issued: 2,984.79m
  • Volume: 5,935,908
  • Market Cap: £1,263.16m
  • RiskGrade: 89

Assura ramps up third-quarter investment, makes 'strong progress'

By Abigail Townsend

Date: Monday 11 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Assura hailed strong progress in the third quarter on Monday, after it secured a spate of acquisitions and completed three developments.
In the three months to 31 December, the real estate investment trust - which specialises in primary healthcare properties - completed three developments, moved three schemes on site and completed 16 acquisitions for a combined consideration of £89m.

In the year-to-date, nine developments have been completed and 36 centres acquired. Assura now has a portfolio of 593 properties, with annualised rent roll of £118.0m, up 12% on the same period a year previously.

Chief executive Jonathan Murphy said: "Assura has delivered another quarter of strong progress, as we accelerated investment spend to enhance our portfolio further and drive additional growth.

"Our experienced internal investment and development teams have continued to successfully replenish our acquisition and development pipelines, and we have a significant number of attractive new opportunities.

"Following the £300m issue of our first social bond in September, we fully repaid the secured bond due in December 2021, which completed our long-standing ambition for all financing to be on an unsecured basis."

As at 31 December, net debt was £849m, with undrawn facilities of £225m.

Broker Peel Hunt, which has an 'add' recommendation on the stock and target price of 85p, said: "The company has an immediate acquisition pipeline of £80m, is on site with 15 developments totalling £71m, and has a further £60m of schemes due to start on site within 12 months.

"Assura's 3.7% dividend yield continues to look attractive, despite the large 42% NAV premium. However, Primary Health Properties - upgraded to 'buy' this morning - looks slightly cheaper on most key metrics."

As at 1030 GMT, shares in Assura were largely flat at 79.14p. Shares in rival REIT PHP were ahead a little under 1%, at 158.27p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Assura Market Data

Currency UK Pounds
Share Price 42.32p
Change Today 0.42p
% Change 1.00 %
52 Week High 52.60
52 Week Low 39.46
Volume 5,935,908
Shares Issued 2,984.79m
Market Cap £1,263.16m
RiskGrade 89

Assura Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
32.91% below the market average32.91% below the market average32.91% below the market average32.91% below the market average32.91% below the market average
8.11% above the sector average8.11% above the sector average8.11% above the sector average8.11% above the sector average8.11% above the sector average
Income Not Available
Growth
17.02% below the market average17.02% below the market average17.02% below the market average17.02% below the market average17.02% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 5
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Assura Dividends

  Latest Previous
  Q4 Q3
Ex-Div 07-Mar-24 07-Dec-23
Paid 10-Apr-24 10-Jan-24
Amount 0.82p 0.82p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 3,980,033 @ 42.32p
16:35 8,998 @ 42.32p
16:35 7,105 @ 42.32p
16:35 98,493 @ 42.32p
16:35 31,678 @ 42.32p

Assura Key Personnel

CEO Jonathan Murphy
CFO Jayne Cottam

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