Impact Healthcare REIT (LON:IHR) Trading Down 0.6% – Should You Sell?

Impact Healthcare REIT (LON:IHR)’s stock price traded down 0.6% during trading on Friday . The company traded as low as GBX 87.90 ($1.15) and last traded at GBX 88.30 ($1.15). 1,227,837 shares changed hands during trading, an increase of 95% from the average session volume of 630,263 shares. The stock had previously closed at GBX 88.80 ($1.16).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 114 ($1.49) price objective on shares of Impact Healthcare REIT in a research note on Tuesday, July 2nd.

Impact Healthcare REIT Trading Down 0.6 %

The firm has a 50 day moving average price of GBX 89.58 and a two-hundred day moving average price of GBX 87.33. The company has a quick ratio of 2.37, a current ratio of 1.58 and a debt-to-equity ratio of 37.83. The company has a market cap of £365.89 million, a price-to-earnings ratio of 802.73, a PEG ratio of 1.95 and a beta of 0.37.

Impact Healthcare REIT Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, August 16th. Shareholders of record on Thursday, August 1st were issued a dividend of GBX 1.74 ($0.02) per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a yield of 1.98%. Impact Healthcare REIT’s payout ratio is 6,363.64%.

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.