Real Estate company HomeCo. (HMC) has been on the acquisition trail for its new $1bn REIT, the business has been accumulating a health hub and child care centres while at the same time selling a shopping centre in Bathurst. The stocks had a great few years and on valuation of 24.7x its not overly cheap MM believes this is a year where quality will shine and we can still see +20% upside over the coming year.
MM is bullish HMC targeting the $9 area
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