Jefferies Financial Group Reaffirms Buy Rating for Impact Healthcare REIT (LON:IHR)

Jefferies Financial Group restated their buy rating on shares of Impact Healthcare REIT (LON:IHR) in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 114 ($1.44) price target on the stock.

Impact Healthcare REIT Stock Performance

Shares of LON IHR opened at GBX 85.60 ($1.08) on Tuesday. 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). The stock has a 50 day moving average of GBX 86.30 and a 200-day moving average of GBX 85.26. The company has a market capitalization of £354.70 million, a P/E ratio of 2,140.00, a P/E/G ratio of 1.95 and a beta of 0.33.

Impact Healthcare REIT Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 17th. Stockholders of record on Thursday, May 2nd were paid a dividend of GBX 1.74 ($0.02) per share. This is an increase from Impact Healthcare REIT’s previous dividend of $1.69. This represents a dividend yield of 2.08%. The ex-dividend date was Thursday, May 2nd. Impact Healthcare REIT’s payout ratio is currently 17,500.00%.

Insider Transactions at Impact Healthcare REIT

In other news, insider Cedi Frederick purchased 11,748 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was acquired 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 currently owned by corporate insiders.

About Impact Healthcare REIT

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.