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
  -0.40 -0.34% 119.00 1,050,102 16:35:02
Bid Price Offer Price High Price Low Price Open Price
119.20 119.40 119.60 118.80 118.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 36.05 22.25 5.05 23.6 738
Last Trade Time Trade Type Trade Size Trade Price Currency
17:55:26 O 10,888 119.266 GBX

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Date Time Title Posts
10/9/202118:06Target Healthcare84

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Target Healthcare Reit (THRL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-09-17 16:58:02119.2710,88812,985.68O
2021-09-17 16:45:13119.2090107.28O
2021-09-17 16:28:39119.301,4591,740.65O
2021-09-17 15:59:13119.0024,77529,482.25O
2021-09-17 15:49:55119.0024,77529,482.25O
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Target Healthcare Reit (THRL) Top Chat Posts

Target Healthcare Reit Daily Update: Target Healthcare Reit Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker THRL. The last closing price for Target Healthcare Reit was 119.40p.
Target Healthcare Reit Plc has a 4 week average price of 116p and a 12 week average price of 114.40p.
The 1 year high share price is 126p while the 1 year low share price is currently 102.20p.
There are currently 620,237,346 shares in issue and the average daily traded volume is 5,014,866 shares. The market capitalisation of Target Healthcare Reit Plc is £738,082,441.74.
alter ego: hTTps://www.investegate.co.uk/target-h--39-care-reit--thrl-/rns/increase-in-issue-size/202109090700041893L/
bathcoup: saltaire111, I have THRL shares with AJB, but can't see any info about the new shares.
elvor: Yes, we could buy in last time. I believe the price was 1.11
ec2: They've actually hit a new all time high today and yet still paying a 5.5% inflation linked yield on very long lease agreements. Nursing homes once again taking in new residents as COVID subsides is a strong positive. I think the company also has a good pipeline of future opportunities and Baillie Gifford announcing at the beginning of the month that they have taken a 5% stake has all probably been helpful to the share price. I think the the stock is moving up into a new trading range.
elvor: Could someone tell me if my understanding is correct please : Reits pay 20% tax at source on our dividends, so there's nothing for me to do when it comes to my Tax return (assuming I'm not a high income earner i.e. over 50K) or should i be trying to claim some of this back somehow, given that dividend tax on a normal share is 7.5% (under 50K earnings). I thought Reits were suppose to be more tax efficient. Thanks
cwa1: Lengthy piece in The IC today. They rate it a buy. Apologies for the formatting but hope you get the gist:- Can healthy dividends continue? The target annual dividend for the 2021 financial year, which is paid in quarterly instalments, stands at 6.72p a share, up from 6.68p for 2020. At the current share price, that equates to a potential yield of just over 6 per cent. However, the security of those payments has become less certain following the pandemic. Provisions for rent arrears made during the last financial year meant coverage of the dividend by EPRA earnings dropped to 76 per cent, down on 82 per cent during the prior two years. However, if occupancy levelsrecover as we emerge from lockdown, there is every chance that dividend cover will improve. Over the longer term, there is reason to be bullish towards the shares. The value of the assets in Target Healthcare’s portfolio have continued to rise, which, together with annual contracted rent increases, has resulted in the Reit’s net asset value (NAV) moving marginally upwards to around 108p a share at the end of December. Demographic changes are also supportive of increased need for elderly care accommodation, with the number of people aged 85-plus forecast to double over the next 20 years, according to the Office for National Statistics. The shares trade broadly in line with forecast NAV at the end of June and at a 5 per cent discount to a forecast 117p at the same time in 2022. That seems an undemanding valuation when the strength of the balance sheet, strong rental growth track record and rising asset valuations are considered. Indeed, in the year prior to the pandemic the shares commanded an average premium to forecast next-12-month NAV of 4 per cent PS: It is taken from the online PDF magazine. Is there a simple way to format it to make it look on here?
bathcoup: Thought this is THRL thread! Anyway, I have dipped my toes in THRL by subscribing 5,000 shares.
apollocreed1: @Fez77-I noticed today that I could buy GCP Infrastructure Investments at 103p on a 7% inflation linked yield which I think is much more secure than THRL. I was also surprised that THRL only collected 91% of the last quarters rent -many of the office and retail companies like RGL,EPIC and AEWU have had around 91% collection rates, but I would have expected THRL to have much less risk of defaults. So now I have a suspicion that maybe this capital being raised is to deal with cash flow issues and not for expansion as they actually state in their RNS.
fez77: I've been studying the IPOs and Subscriptions on PrimaryBid and have noted that with some exceptions (like TGR, NGHT, and IDEA), the share price tends to stay around the offer price for some time after the new share release. The recent IPO - Cellular Goods - will probably show a premium because it was well oversubscribed (and well "hyped" being a Cannabis type stock and therefore "flavour" of the month!)but I suspect that THRL will be available for some time at or around the 111p-113p mark. I will be keeping my powder dry on this one for the present time.
ec2: New shares are being issued at 2.6% premium over NAV so this is marginally positive for the share price. Reason for the slight drop in current share price is mainly due to your second point. I have indeed sold some of my holding this morning (10000shs @ 112.4p in order to buy back plus a few more in the offer at 111p. If you are going to do this only sell a small part of your holding as you would not wish to end up with less than you started with due to scaling back.
Target Healthcare Reit share price data is direct from the London Stock Exchange
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