Assura (AGR)

Sector:

Health Care

Index:

FTSE 250

76.75p
   
  • Change Today:
      0.35p
  • 52 Week High: 83.10
  • 52 Week Low: 70.90
  • Currency: UK Pounds
  • Shares Issued: 2,675.55m
  • Volume: 38,166,884
  • Market Cap: £2,053.48m
  • 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 76.75p
Change Today 0.35p
% Change 0.46 %
52 Week High 83.10
52 Week Low 70.90
Volume 38,166,884
Shares Issued 2,675.55m
Market Cap £2,053.48m
RiskGrade 89

Assura Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.03% above the market average63.03% above the market average63.03% above the market average63.03% above the market average63.03% above the market average
94.44% above the sector average94.44% above the sector average94.44% above the sector average94.44% above the sector average94.44% above the sector average
Price Trend
35.73% below the market average35.73% below the market average35.73% below the market average35.73% below the market average35.73% below the market average
65.85% below the sector average65.85% below the sector average65.85% below the sector average65.85% below the sector average65.85% below the sector average
Income
70.77% above the market average70.77% above the market average70.77% above the market average70.77% above the market average70.77% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average
Growth
65.08% above the market average65.08% above the market average65.08% above the market average65.08% above the market average65.08% above the market average
47.06% above the sector average47.06% above the sector average47.06% above the sector average47.06% above the sector average47.06% above the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 5
Sell 0
Strong Sell 0
Total 11
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
  Q1 Q4
Ex-Div 10-Jun-21 11-Mar-21
Paid 14-Jul-21 14-Apr-21
Amount 0.74p 0.71p

Trades for 18-Jun-2021

Time Volume / Share Price
17:05 30,644 @ 76.75p
16:57 4,093 @ 76.75p
16:50 345,961 @ 76.75p
16:48 295,453 @ 76.75p
16:48 70,985 @ 76.75p

Assura Key Personnel

CEO Jonathan Murphy
CFO Jayne Cottam

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