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THRL Target Healthcare Reit Plc

83.20
0.10 (0.12%)
Last Updated: 15:57:05
Delayed by 15 minutes
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% 83.20 229,538 15:57:05
Bid Price Offer Price High Price Low Price Open Price
83.20 83.40 83.20 82.50 83.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 69.55M 73.02M 0.1177 7.02 515.42M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:57:04 AT 655 83.20 GBX

Target Healthcare Reit (THRL) Latest News

Target Healthcare Reit (THRL) Discussions and Chat

Target Healthcare Reit Forums and Chat

Date Time Title Posts
01/11/202416:34Target Healthcare272

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Target Healthcare Reit (THRL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:57:0483.20655544.96AT
15:57:0483.2011898.18AT
15:57:0483.20392326.14AT
15:55:2483.0210.83O
15:45:4083.10154127.97AT

Target Healthcare Reit (THRL) Top Chat Posts

Top Posts
Posted at 30/12/2024 08:20 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 83.10p.
Target Healthcare Reit currently has 620,237,346 shares in issue. The market capitalisation of Target Healthcare Reit is £512,316,048.
Target Healthcare Reit has a price to earnings ratio (PE ratio) of 7.02.
This morning THRL shares opened at 83.20p
Posted at 18/9/2024 10:34 by cwa1
Jefferies raises Target Healthcare REIT price target to 110 (104) pence - 'buy'
Posted at 17/9/2024 06:21 by igoe104
Seems very good results to me.
Posted at 27/6/2024 06:10 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 09:47 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 06:33 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.
Target Healthcare Reit share price data is direct from the London Stock Exchange

Target Healthcare Reit Frequently Asked Questions (FAQ)

What is the current Target Healthcare Reit share price?
The current share price of Target Healthcare Reit is 83.20p
How many Target Healthcare Reit shares are in issue?
Target Healthcare Reit has 620,237,346 shares in issue
What is the market cap of Target Healthcare Reit?
The market capitalisation of Target Healthcare Reit is GBP 515.42M
What is the 1 year trading range for Target Healthcare Reit share price?
Target Healthcare Reit has traded in the range of 75.00p to 93.00p during the past year
What is the PE ratio of Target Healthcare Reit?
The price to earnings ratio of Target Healthcare Reit is 7.02
What is the cash to sales ratio of Target Healthcare Reit?
The cash to sales ratio of Target Healthcare Reit is 7.37
What is the reporting currency for Target Healthcare Reit?
Target Healthcare Reit reports financial results in GBP
What is the latest annual turnover for Target Healthcare Reit?
The latest annual turnover of Target Healthcare Reit is GBP 69.55M
What is the latest annual profit for Target Healthcare Reit?
The latest annual profit of Target Healthcare Reit is GBP 73.02M
What is the registered address of Target Healthcare Reit?
The registered address for Target Healthcare Reit is LEVEL 13 BROADGATE TOWER, 20 PRIMROSE STREET, LONDON, EC2A 2EW
What is the Target Healthcare Reit website address?
The website address for Target Healthcare Reit is www.targethealthcarereit.co.uk
Which industry sector does Target Healthcare Reit operate in?
Target Healthcare Reit operates in the FINANCE SERVICES sector

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