THRL

Target Healthcare Reit Plc

81.40
0.10 (0.12%)
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
  0.10 0.12% 81.40 272,510 16:35:29
Bid Price Offer Price High Price Low Price Open Price
81.30 82.10 81.60 79.70 79.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Finance Services 63.86 49.10 7.90 10.16 504.87
Last Trade Time Trade Type Trade Size Trade Price Currency
17:17:02 O 20 80.097 GBX

Target Healthcare Reit (THRL) Latest News

Target Healthcare Reit (THRL) Discussions and Chat

Target Healthcare Reit Forums and Chat

Date Time Title Posts
29/5/202320:38Target Healthcare204

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Target Healthcare Reit (THRL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:17:0780.102016.02O
16:03:0781.4012,56510,227.78O
15:56:3681.40801652.05O
15:35:2981.4074,66960,780.57UT
15:27:0281.7312,1599,938.01O

Target Healthcare Reit (THRL) Top Chat Posts

Top Posts
Posted at 22/5/2023 10:16 by saltaire111
Sold out of Civitas and bought THRL with the proceeds.

Salty

Posted at 19/5/2023 08:43 by mister md
Looking at yesterday's trades seems there were 2x 1,000,000 share buy trades at just under 84p ?
Posted at 11/5/2023 18:10 by wskill
With the rise in building costs for new homes this should remove competition and increase occupancy/room rates in the long term ,THRL is in a very good position I think for the years ahead.
Posted at 09/5/2023 17:29 by saltaire111
Very surprised not to see the share price respond to what happened in the social housing sector today.

THRL is now desperately under valued in my view, and one need on,y compare the NAV to the current market cap to see how there is a mismatch. Like Civitas, someone will rock up and try and buy this on the cheap, and we shareholders will lose out.

Salty

Posted at 11/4/2023 09:26 by chucko1
My recollection is that THRL are in any event limiting their rises, and I think they are targeting that 7% level.
Posted at 27/3/2023 11:27 by trcml
I am considering buying, Unlikely the lenders would foreclose, too political. Good to see rising yields for property such as this. Yield compression caused by low interest rates has enabled commercial property investment to deviate from funfdamentals. Probably the time has come to value prop cos on rental income, rather than capital value. Demand for long lease investments shows no sign of abating and unlikly as there is a shortage. Normal for buying price to exceed cost of borrowing; the difference would be funded from other sources.
Posted at 27/3/2023 07:37 by spectoacc
Had to read down a bit to find that, and of course it's not cut, it's "rebased". Hmm.

Key line for me is this:

"Contractual rent increased by 2.9% to GBP57.1 million (June 2022: GBP55.5 million), including like--for-like rental growth of 1.8%"

RPI inflation hit 17% in the year, and is currently over 13%. Do holders really regard their income as "inflation-linked"? Why? LFL rental growth was 1.8%.

1.8%!

NAV gone up over 25% but today's disposals should help.

Rent collection isn't 100%.

Occupancy surprisingly low, even if Covid still given as an excuse.

But a fair bit in the price here too.

Posted at 27/3/2023 07:35 by ammons
Indeed. "Rebased" to an annual 5.6p which is still a decent yield at the current price.
Posted at 08/12/2022 11:47 by uapatel
Was re reading the Edisongroup document on Target Healthcare. It suggests they might review the dividend and cut it by around 20%. But nothing official from the company might be more a case of we’ve looked into it with new members of the board and decided to stick with our dividends. But that might explain the recent pull. Back from High 80s. But beyond this I’m no wiser.


Page 4…. Target is primarily focused on income returns, and we would expect that maintaining a high distribution to shareholders is important to the board. It is nonetheless the case that there are some investors with a preference for fully covered dividends and we can also see some advantages that would arise from a rebasing of the dividend. An uncovered dividend requires capital resources to be diverted away from long-term growth and in the near term requires additional borrowing, which is unattractive at high borrowing rates. Moreover, whatever the level of dividends paid, there is no impact on total accounting returns. A 20% rebasing of the dividend would be sufficient to restore underlying (excluding the hedging premium) cover for FY23, create a base for future growth, and at the current share price would represent a yield of more than 6%….

hTTps://www.edisongroup.com/wp-content/uploads/2022/11/Target-Healthcare-REIT-Key-drivers-in-place-and-borrowing-costs-fixed-1.pdf

Posted at 20/10/2022 10:30 by jong
From Simply Wall Street :-

"Consensus forecasts updated
The consensus outlook for 2023 has been updated.
• 2023 EPS estimate fell from UK£0.11 to UK£0.07 per share.
• Revenue forecast steady at UK£68.2m.
• Net income forecast to shrink 72% next year vs 23% decline forecast for REITs industry in the United Kingdom.
• Consensus price target down from UK£1.09 to UK£1.04.
• Share price was steady at UK£0.78 over the past week."

Target Healthcare Reit share price data is direct from the London Stock Exchange
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