RYM, OCA- 2 NZX retirement village stocks amid New Zealand COVID-19 outbreak

New Zealand is grappling with a rapid rise in COVID-19 cases across the country. According to reports, 21,015 new community cases were detected today, bringing the total number of active cases in the country to 208,625.

It should be noted that the majority of those hospitalized are aged 54 and over and are there due to the virus infection, says Dr Ashley Bloomfield, New Zealand’s chief health officer.

That said, let’s take a look at the two famous NZX-listed retirement village operators amid the spike in COVID-19 cases.

Source: © 2022 Kalkine Media® datasource – Refinitiv

Ryman Healthcare Limited (NZX: RYM)

Ryman Healthcare Limited is New Zealand’s leading provider of retirement residences, operating for over 35 years. In its half-year report for the period ended 30 September 2021, the Company recorded unaudited underlying profit of NZ$95.9 million and IFRS profit of NZ$281.5 million, all two up 8.5% and 32.5%, respectively, driven by continued strong demand for retirement residences and aged care.

Related Reading: An Overview of the Top 5 NZX Retirement Village Stocks of the Month

The Company has a strong pipeline of projects to maintain its future momentum and continues to upgrade its existing villages to further enhance the experience of its residents.

In addition, it had paid an interim dividend of 8.8 cps in December 2021.

At the time of writing on March 10, RYM is trading at NZ$9,450.

Oceania Healthcare Limited (NZX:OCA; ASX: OCA)

Oceania Healthcare Limited, another well-known operator of retirement and aged care villages, offers various quality living options to its residents. Last month, its director, Patrick McCawe, resigned from his post.

Read: What are the top 5 NZX dividend stocks for 2022?

McCawe was also a member of OCA’s audit committee and also participated in its retail bond offering, which took place in both 2020 as well as 2021 and the capital raise, which took place place last year.

The Board recognized his immense contribution to the Society.

At the time of writing on March 10, the OCA is up 1.94% at NZ$1.050.

Conclusion

New Zealand retirement villages continue to work hard to protect the health of their residents and are taking additional steps to protect them.

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