Impact Healthcare Reit (IHR)

Sector:

Property Investment Trusts

Index:

FTSE Small Cap

87.30p
   
  • Change Today:
    -0.80p
  • 52 Week High: 95.10
  • 52 Week Low: 78.90
  • Currency: UK Pounds
  • Shares Issued: 414.37m
  • Volume: 816,487
  • Market Cap: £361.74m

RBC Capital Markets slightly lowers target price on Impact Healthcare

By Iain Gilbert

Date: Tuesday 14 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Analysts at RBC Capital Markets slightly lowered their target price on real estate investment trust Impact Healthcare from 125.0p to 120.0p on Tuesday as it reduced its earnings forecasts following the trust's recent trading update.
RBC Capital stated it had reduced its full-year earnings per share estimates by 9% to reflect an implied EPS of 7.06p, saying it believes much of the difference has been driven by lower than expected rental income, partly as a result of a slower pace of acquisitions.

The Canadian bank kept its full-year 2023 dividend forecasts as they were but made "limited changes" to future DPS forecasts, driven by rent/indexation. Dividend cover was forecast to fall from 128% to 111% but remain" consistently over 100%" for all forecast years.

RBC added that news of overdue rent was a first for Impact, but said it appears unlikely to indicate "a significant negative impact" on EPS to come.

"Our underlying EPS forecasts differ from management's adjusted EPS. We include the amortisation of loan arrangement fees in our underlying EPS. We forecast 7.08p and 7.48p of adjusted EPS as defined by management for 2022 and 2023 respectively," said RBC, which reiterated its 'outperform' rating on the stock.





Reporting by Iain Gilbert at Sharecast.com

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

 

IHR Market Data

Currency UK Pounds
Share Price 87.30p
Change Today -0.80p
% Change -0.91 %
52 Week High 95.10
52 Week Low 78.90
Volume 816,487
Shares Issued 414.37m
Market Cap £361.74m

IHR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.88% below the market average8.88% below the market average8.88% below the market average8.88% below the market average8.88% below the market average
21.43% above the sector average21.43% above the sector average21.43% above the sector average21.43% above the sector average21.43% above the sector average
Price Trend
25.82% below the market average25.82% below the market average25.82% below the market average25.82% below the market average25.82% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income
38.91% above the market average38.91% above the market average38.91% above the market average38.91% above the market average38.91% above the market average
48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average
Growth
42.07% above the market average42.07% above the market average42.07% above the market average42.07% above the market average42.07% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average

IHR Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 02-May-24 08-Feb-24
Paid 17-May-24 23-Feb-24
Amount 1.74p 1.69p

Trades for 18-Jul-2024

Time Volume / Share Price
09:01 349,759 @ 89.00p
16:35 71,860 @ 87.30p
16:35 1 @ 87.30p
16:35 1,314 @ 87.30p
16:35 370 @ 87.30p

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