Value and Indexed Property Income (LON:VIP) Releases Quarterly Earnings Results

Value and Indexed Property Income (LON:VIP) released its quarterly earnings data on Wednesday. The company reported GBX 11.57 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 910 million for the quarter. Value and Indexed Property Income had a return on equity of 5.23% and a net margin of 50.02%.

Value and Indexed Property Income Price Performance

VIP stock opened at GBX 207.80 on Thursday. The company has a quick ratio of 22.47, a current ratio of 10.28 and a debt-to-equity ratio of 57.78. Value and Indexed Property Income has a 52-week low of GBX 180.50 and a 52-week high of GBX 219. The stock’s 50 day moving average is GBX 203.55 and its two-hundred day moving average is GBX 201.53. The company has a market capitalization of £88.41 million, a PE ratio of 16.27 and a beta of 0.89.

Analysts Set New Price Targets

Several research firms have recently weighed in on VIP. Shore Capital Group reaffirmed a “house stock” rating on shares of Value and Indexed Property Income in a research note on Friday, June 12th. Berenberg Bank restated a “hold” rating and set a GBX 199 price objective on shares of Value and Indexed Property Income in a report on Friday, June 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 194.50.

About Value and Indexed Property Income

Value and Income Trust plc is a closed-ended equity mutual fund launched by Value & Income Services Limited. The fund is co-managed by OLIM Ltd. and OLIM Property Limited. It invests in the public equity markets of the United Kingdom. The fund also invests in convertible securities. It seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of small and mid cap companies. The fund also directly invests in commercial property.