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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Target Healthcare Reit Plc | LSE:THRL | London | Ordinary Share | GB00BJGTLF51 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 1.50 | 1.88% | 81.50 | 1,212,492 | 16:35:25 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 81.30 | 82.00 | 83.50 | 80.60 | 82.60 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 67.75M | -6.57M | -0.0106 | -76.98 | 496.19M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:38:04 | O | 42,588 | 81.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 27/6/2024 | 10:03 | ALNC |  Target Healthcare REIT offloads four care homes in GBP45 million deal |
| 27/6/2024 | 07:00 | UK RNS | Target Healthcare REIT PLC Disposal of four care homes for £44.5 million |
| 20/6/2024 | 15:55 | ALNC | Best and worst performing London-listed funds in May - QuotedData |
| 09/5/2024 | 12:34 | ALNC | Target Healthcare sees net assets growth in third quarter |
| 09/5/2024 | 07:00 | UK RNS | Target Healthcare REIT PLC Net Asset Value, Corporate Update & Dividend |
| 28/3/2024 | 14:30 | UK RNS | Target Healthcare REIT PLC Director/PDMR Shareholding |
| 12/3/2024 | 11:47 | ALNC | Target Healthcare interim net asset value and contractual rent grow |
| 12/3/2024 | 07:00 | UK RNS | Target Healthcare REIT PLC Half-year Report |
| 08/3/2024 | 09:00 | UK RNS | Target Healthcare REIT PLC Investor Presentation via Investor Meet Company |
| 22/2/2024 | 07:00 | UK RNS | Target Healthcare REIT PLC Notice of Half Year Results |
Target Healthcare Reit (THRL) Share Charts1 Year Target Healthcare Reit Chart |
|
1 Month Target Healthcare Reit Chart |
Intraday Target Healthcare Reit Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/6/2024 | 07:10 | Target Healthcare | 264 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:38:05 | 81.50 | 42,588 | 34,709.22 | O |
| 2024-07-26 15:35:25 | 81.50 | 255,681 | 208,380.02 | UT |
| 2024-07-26 15:21:28 | 81.60 | 1,430 | 1,166.88 | AT |
| 2024-07-26 15:21:28 | 82.00 | 458 | 375.56 | AT |
| 2024-07-26 15:21:28 | 81.60 | 551 | 449.62 | AT |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 by Target Healthcare Reit Daily Update Target Healthcare Reit Plc is listed in the Finance Services sector of the London Stock Exchange with ticker THRL. The last closing price for Target Healthcare Reit was 80p.Target Healthcare Reit currently has 620,237,346 shares in issue. The market capitalisation of Target Healthcare Reit is £506,113,674. Target Healthcare Reit has a price to earnings ratio (PE ratio) of -76.98. This morning THRL shares opened at 82.60p |
Posted at 27/6/2024 07:10 by nerja Target Healthcare REIT plc and its subsidiaries("Target Healthcare" or "the Group") Disposal of four care homes for £44.5 million Target Healthcare (LSE: THRL) announces that it has completed the disposal of four UK care homes for £44.5 million to the incumbent tenant. The sale price reflects a modest premium to the portfolio's carrying value at both 31 December 2023 (the latest date prior to the offer being received) and 31 March 2024, and an implied net initial yield of 5.64%. Proceeds from the disposal, which represented 326 beds and c.4.6% of the Group's overall portfolio value, will enable a partial repayment of the Group's revolving credit facilities and therefore reduce its unhedged interest cost. Overall, the disposal reduces net LTV by approximately 3.8%. These assets were originally constructed in 2007/08, and were consequently amongst the oldest assets in the Group's portfolio, and had a c.12% lower gross internal floor space per resident than the portfolio's weighted average. In addition, these assets represented the Group's four shortest lease terms, with an average of 13.6 years remaining. Following the disposal, the portfolio's weighted average unexpired lease term increases to 26.3 years from 25.8 years, and the Group's weighting to Yorkshire and the Humber reduces, an area that was previously its largest geographical exposure. These properties were originally acquired as part of the significant portfolio acquisition in December 2021. Despite the relatively short holding period for a property investment, this disposal enabled the Company to crystalise significant value from these assets, resulting in an annualised ungeared IRR in excess of 7% over the period of ownership (including both acquisition and sales costs) and is a testament to the Group's asset management expertise. Scott Steven, Head of Asset Management at Target Fund Managers, commented: "These care homes have been a successful investment for the Group, delivering a consistent and attractive rental yield over the period of ownership, combined with the realisation of a capital uplift on disposal. We care deeply about the quality of our assets and the services they facilitate; however we are not unduly attached to holding onto the bricks and mortar where we identify opportunities to improve both the overall portfolio and the Group's capital structure. This disposal is a clear illustration of our ability to pro-actively manage the portfolio to provide an attractive and sustainable level of income, together with the potential for growth, from our diversified portfolio of modern, purpose-built care homes." |
Posted at 23/5/2024 10:47 by frazboy Quite a pull back even when you allow for it going ex-div. I was wondering if the markets were taking fright at the prospect of a Labour government but price action in gilts (looking at the 10 year) suggests not. So, the boring explanation is, that we have a seller. Anyone know differently? |
Posted at 09/5/2024 07:33 by ammons Nice update this morning. |
Posted at 27/3/2024 09:10 by raj k I have strated looking at the property companies in the healthcare sector.As i understand THRL just own the property and collect rent from a care home operator. So they get long lease rental income from the operator and i see they get some non rental income. Is this becuase the operators pay THRL to manage repairs and maintenance? Also does anyone know are there any healthcare property companies that actually are the operators too? |
Posted at 12/3/2024 09:28 by jpleight I liked this share a little too early but I am holding; low LTV, strong demand and credit cost lowering with good yield, in a sector still unloved...more patience required... |
Posted at 12/3/2024 07:40 by saltaire111 Very good results. Surely this will pick up to closer to £1 a share? |
Posted at 12/3/2024 07:29 by igoe104 Decent results, can only see the share improving when they start reducing interest rates in H2.. |
Posted at 17/11/2023 08:55 by saltaire111 Inverse correlation with interest rates playing out in the share price action. As forecasts for lower rates come through, the share price appreciates. |
Posted at 11/10/2023 08:38 by cwa1 * Target Healthcare REIT Plc THRLT.L : Jefferies cuts target price to 105p from 107p |
Posted at 31/8/2023 16:55 by brad44 supressed share price and decent divi, is there a good reason to not buy these? |
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