ARF – Macquarie rates the stock as Outperform
The Outperform rating and $4.61 target price are maintained.
Read MoreThe Outperform rating and $4.61 target price are maintained.
Read MoreThe broker retains its Neutral rating. Target rises to $4.90 from $4.89.
Read MoreNeutral retained. Target is raised to $3.23 from $3.04.
Read MoreArena REIT’s first-half result was in line with Credit Suisse’s expectations in terms of operating profit and earnings per share. Neutral retained. Target is raised to $3.04 from $2.91.
Read MoreCredit Suisse revises FY21-23 estimates higher following the upgrade to FY21 distribution guidance.
Read MoreArena REIT has undertaken a $60m equity raising. Macquarie notes the balance sheet gearing will decline to 17.6%, materially below the target range of 35-40%.
Read MoreFY19 earnings are in line with expectations. FY20 distribution guidance of 14.3c per security was reaffirmed.
Read MoreThe company has settled or has exchanged contracts on, acquisitions of social infrastructure properties worth $62m. These includes three specialist disability accommodation properties, three early learning centre properties and five early learning centre developments.
Read MoreFirst half results were in line with Macquarie’s estimates. FY19 distribution guidance has been reaffirmed.
Read MoreThe listed childcare sector has been popular with investors, but emerging oversupply and affordability issues mean that all is not well in the sandpit. The operators are banking on the government’s revised subsidy scheme to revive their fortunes.
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