Value of Ryman shares still rising

Sharemarket darling Ryman Healthcare continues to impress, with its shares hitting an all-time high of $4.34 having gained a further 2.4% yesterday.

From a year-low of $2.65 a year ago, Ryman shares are up almost 64% at $4.34, as it continues to successfully roll out new care homes around the country and prepares for its first foray into Australia next year in Melbourne.

Ryman has delivered 10 consecutive record annual profits, and for its half-year result released in mid-November, it increased its dividend 18% to 4.6c per share.

Forsyth Barr has highlighted Ryman's vacancies remained under 1%, or 33 units out of a total 3482, which was a key performance indicator. Craigs Investment Partners had highlighted other positive news from the half-year result, in that the unrealised resale land bank had increased from $170 million in March to $200 million in September, reflecting strength in the property market. Ryman said in November it remained on track for earlier full-year financial guidance of increasing its underlying profit growth by 15%.


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