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Pin to quick picksCSH.L Regulatory News (CSH)

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Update research from QuotedData

14 Feb 2023 08:44

RNS Number : 8615P
Civitas Social Housing PLC
14 February 2023
 

Civitas Social Housing - Update research from QuotedData

14th February 2023

Time to buy?

Civitas Social Housing (CSH) has suffered a sustained fall in its share price which sees it now trade on a discount of 44.4%. This seems wholly unjustified given the strong market fundamentals in the social housing sector and the group's proven, secure government-backed income.

CSH's inflation-linked leases (which benefit from annual rental uplifts in line with inflation as measured by the consumer price index (CPI) or CPI+1%) more than compensated for a higher discount rate used to value its portfolio on a discounted cash flow method (following market volatility caused by higher interest rates) and resulted in CSH reporting a healthy uplift in net asset value (NAV) in September 2022 - one of the only real estate investment trusts (REITs) to do so in the period. Its NAV fell by 3.4% in the quarter to December 2022, which compares favourably with the REIT sector.

The inflation protection, improving strength of its tenants, and strong market fundamentals make the group's discount to NAV and high dividend yield extremely attractive.

Full Research:

https://quoteddata.com/research/civitas-social-housing-time-buy-qd/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note on Civitas Social Housing Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

QUOTEDDATA50 Gresham Street | London EC2V 7AYTel: +44 (0) 20 3691 9430

www.quoteddata.com | research@quoteddata.com | www.martenandco.com

 

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NRAUSSWRORUUARR
6789101112131415
Date   Source Headline
11th Nov 20217:00 amRNSTransaction in Own Shares
9th Nov 20215:47 pmRNSHolding(s) in Company
9th Nov 20212:05 pmRNSNotification of Major Holdings
8th Nov 20217:00 amRNSNet Asset Values, Dividend & Trading Update
2nd Nov 20215:12 pmRNSHolding(s) in Company
2nd Nov 20217:00 amRNSTransaction in Own Shares
1st Nov 20215:25 pmRNSTotal Voting Rights
27th Oct 20217:00 amRNSTransaction in Own Shares
25th Oct 20217:00 amRNSTransaction in Own Shares
19th Oct 20217:00 amRNSTransaction in Own Shares
18th Oct 20217:00 amRNSTransaction in Own Shares
15th Oct 20217:00 amRNSResponse to Further Letter from Short-Seller
15th Oct 20217:00 amRNSTransaction in Own Shares
14th Oct 20217:00 amRNSTransaction in Own Shares
13th Oct 20217:00 amRNSTransaction in Own Shares
12th Oct 20217:00 amRNSTransaction in Own Shares
11th Oct 20217:00 amRNSMarket Update - Responses to Shareholder Questions
11th Oct 20217:00 amRNSTransaction in Own Shares
8th Oct 20217:00 amRNSTransaction in Own Shares
7th Oct 20217:00 amRNSTransaction in Own Shares
6th Oct 20217:00 amRNSTransaction in Own Shares
1st Oct 202112:00 pmRNSTotal Voting Rights
1st Oct 20217:00 amRNSTransaction in Own Shares
30th Sep 20217:00 amRNSPurchase of Shares in Closed Period
30th Sep 20217:00 amRNSTransaction in Own Shares
29th Sep 20217:00 amRNSTransaction in Own Shares
28th Sep 20217:00 amRNSTransaction in Own Shares
27th Sep 20217:00 amRNSTransaction in Own Shares
24th Sep 20217:00 amRNSTransaction in Own Shares
23rd Sep 20217:00 amRNSResponse to Short-seller
23rd Sep 20217:00 amRNSResult of AGM
23rd Sep 20217:00 amRNSTransaction in Own Shares
22nd Sep 20217:00 amRNSTransaction in Own Shares
21st Sep 202110:23 amRNSHolding(s) in Company
21st Sep 20217:00 amRNSTransaction in Own Shares
13th Aug 202110:27 amRNSResponse to Regulatory Judgement
6th Aug 20217:00 amRNSNotice of Annual General Meeting
6th Aug 20217:00 amRNSNAV, Dividend & Trading Update
22nd Jul 20218:11 amEQSCivitas Social Housing (CSH): Positive outcomes drive consistent returns
22nd Jul 20217:00 amRNSEdison issues outlook on Civitas Social Housing
14th Jul 202110:28 amRNSCSH wins the AIC’s Best ESG Comms Award
30th Jun 20217:00 amRNSAnnual Results
29th Jun 20217:00 amRNS£2.5million acquisition
28th Jun 20217:00 amRNSAgreement with E.ON to Reduce Carbon Footprint
25th Jun 20215:17 pmRNSHolding(s) in Company
1st Jun 20217:00 amRNSTotal Voting Rights
28th May 20217:00 amRNS£8.6m acquisition of supported living properties
27th May 20217:00 amRNSNotice of Full Year Results
18th May 202110:41 amRNSUpdate research from QuotedData
14th May 20214:57 pmRNSHolding(s) in Company
6789101112131415

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