Aged care investors overreacting to housing slowdown: Forbar
Forsyth Barr says retirement village owners have significant buffer between house prices and their products.
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A more than 20% slide in the major listed aged care providers linked to the cooling housing market is an overreaction, according to Forsyth Barr analysts.
In the 120 days to market close yesterday, Ryman shares dropped 35.8% to $9.56, Summerset fell 25.1% to $11.16, Oceania fell 31.2% to $1.06,
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