HomeCo Daily Needs traded at 1.28 this Thursday February 12th, decreasing 0.02 or 1.54 percent since the previous trading session. Looking back, over the last four weeks, HomeCo Daily Needs lost 5.88 percent. Over the last 12 months, its price rose by 8.47 percent. Looking ahead, we forecast HomeCo Daily Needs to be priced at 1.24 by the end of this quarter and at 1.17 in one year, according to Trading Economics global macro models projections and analysts expectations.
HomeCo Daily Needs REIT is an Australia-based real estate investment trust. The Company invests in convenience-based assets across the target sub-sectors of neighborhood retail, large format retail and health and services. The Company is focused on providing unitholders with consistent and growing distributions. The Company has a total asset of approximately $4.7 billion spanning approximately 2.5 million square meters of land in Australia’s metropolitan growth corridors of Sydney, Melbourne, Brisbane, Perth and Adelaide. The Company is also a strategic investor in the last mile logistics (LML) unlisted fund, a complementary mandate which targets core plus transition assets with upside via repositioning into essential last mile real estate infrastructure. The Company’s portfolio consists of about 53 properties. Its property manager is HMC Property Management Pty Limited. Its investment manager is HMC Investment Management Pty Ltd.