Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Eureka Group Holdings Limited ( (AU:EGH) ) has provided an announcement.
Eureka Group Holdings Limited has acquired the Barrier Reef Tourist Park in Cairns, a mixed-use facility catering to retirees, key workers, tradespeople, and tourists. This acquisition, valued at $3.5 million, offers a 9.7% yield and potential for further development of long-term rental units, aligning with the region’s strong population growth and rental demand.
The most recent analyst rating on (AU:EGH) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Eureka Group Holdings Limited stock, see the AU:EGH Stock Forecast page.
More about Eureka Group Holdings Limited
Eureka Group Holdings Limited operates in the residential community industry, focusing on providing affordable rental accommodation. The company has a significant presence in the Cairns region with seniors rental living villages and is expanding its portfolio to include mixed-use tourist parks.
Average Trading Volume: 789,167
Technical Sentiment Signal: Buy
Current Market Cap: A$233.3M
For a thorough assessment of EGH stock, go to TipRanks’ Stock Analysis page.