MENU

Is Lifestyle Communities Limited the best small cap real estate development stock on the ASX?

Independent living community developer Lifestyle Communities Limited (ASX: LIC) is beginning to assert itself in the competitive real estate development sector with the $539 million market cap company recently delivering a stronger than expected FY18 guidance.

Lifestyle Communities develops, owns and manages affordable residential communities for semi-retired or retired people – increasing its forecast settlement range from 260 to 290 homes for FY18 to between 310 and 320 homes.

Lifestyle Communities has seen strong demand for its product with sell outs at its Geelong and Berwick Waters communities and the expectation to fully sell out Bittern by June.

CCZ Equities has a price target of $4.80 on the stock, which was up 1.9% to $5.26 at the time of writing, with the broker placing a hold recommendation on the company with upgrades of FY19 and FY20 guidances also expected.

Peers in the space include Gateway Lifestyle Group (ASX: GTY) who recently reported robust enquiry levels but a slight downgrade to settlement numbers for FY18.

At the bigger end of town Lendlease Group (ASX: LLC) shares have been tracking upwards of late after a February slump, buoyed by news of the company’s success in Europe, with major projects in Milan and London bolstering its project pipeline.

The Richest Man Alive Invests in This

The richest man in the world has just launched a $100 million investment fund and investors who don't take note could miss out on a massive opportunity.

And it isn't by sheer luck. He did it by looking to the future and investing in the big ideas of tomorrow.

This could be your chance to get in on the ground floor!

Click here to discover more!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!