Ryman Healthcare is a leading retirement-care operator in a sector with strong growth prospects.
Earnings drivers for narrow-moat Ryman Healthcare’s Australian operations have improved slightly during the course of fiscal 2017, and this is behind the 4% upgrade to our fair value estimate to NZD 9.50 from NZD 9.10. First, dwelling prices in Melbourne have risen stronger than expected, up 13.8% in the year to June. This should translate into higher development margins for sites previously acquired by Ryman. We expect retirees selling their primary dwelling will have substantially more to spen...Ryman Healthcare develops, owns and operates integrated retirement villages, resthomes and hospitals for the elderly within New Zealand and Australia.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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