Target Healthcare Reit Ltd (THRL)

Sector:

Investment Firms

Index:

FTSE 250

84.20p
   
  • Change Today:
      2.70p
  • 52 Week High: 88.00
  • 52 Week Low: 66.50
  • Currency: UK Pounds
  • Shares Issued: 602.24m
  • Volume: 2,248,442
  • Market Cap: £507.08m

THRL Overview

Target Healthcare REIT plc is a United Kingdom-based real estate investment company. The Company’s investment objective is to provide shareholders with an attractive level of income, together with the potential for capital and income growth, from investing in a diversified portfolio of freehold and long leasehold care homes that are let to care home operators; and other healthcare assets in the United Kingdom. Its portfolio comprised 97 properties let to 32 tenants. The Company invests in modern, purpose-built care homes that are let to tenants who demonstrate operational capabilities and a care ethos. Its portfolio includes Chawley Grove, Roden Hall, The Oaks, Chesterfield, Woodland View and The Manor. The Company invests in a portfolio of care homes, predominantly in the United Kingdom, which are let to care home operators on full repairing and insuring leases.

1 Day Chart (28-03-2024)

1 Day Chart

6 Month Chart

6 Month Chart

Financials

Latest F'cast
Div Yield 7.7% 0.0%
Div Cover 0.9 1.1
Op Mrgn 81.0% 90.3%
ROCE 5.2%  
Latest F'cast
P/E 14.0 13.5
PEG 0.7 4.8
Pr/Revenue 9.0 7.1
Pr/Book 0.8  
Latest F'cast
Revenue 13.4% 25.3%
PBT 23.1% 76.1%
EPS 18.8% 2.8%
DPS -4.1% -11.8%

THRL Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
30-Jun-19 27.92 18.10 4.91p 23.5 n/a -11% 6.58p 5.7%
30-Jun-20 36.05 22.25 5.05p 21.8 7.3 +3% 6.68p 6.1%
30-Jun-21 41.24 25.30 5.46p 21.1 2.6 +8% 6.72p 5.8%
30-Jun-22 49.77 29.47 5.05p 21.5 n/a -8% 6.75p 6.2%
30-Jun-23 56.44 36.26 6.00p 12.0 0.6 +19% 6.47p 9.0%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

THRL Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
30-Jun-24 70.70 63.86 6.17p 13.7 4.9 +3% 5.70p 0.0%
30-Jun-25 73.30 66.41 6.37p 13.2 4.1 +3% 5.83p 0.0%
30-Jun-26 75.30 64.95 6.50p 13.0 6.2 +2% 5.98p 0.0%

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THRL Company Announcements

Director/PDMR Shareholding 28-Mar-2024 14:30 RNS
Half-year Report 12-Mar-2024 07:00 RNS
Investor Presentation via Investor Meet Company 08-Mar-2024 09:00 RNS

Latest THRL Director Deals

Traded Action Notifier PriceAmountValue
26-Mar-24 Buy Vince Niblett 82.69p 24,052 £19,887.59

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 5: Forecast figures based on normalised accounts.

 

THRL Market Data

Currency UK Pounds
Share Price 84.20p
Change Today 2.70p
% Change 3.31 %
52 Week High 88.00
52 Week Low 66.50
Volume 2,248,442
Shares Issued 602.24m
Market Cap £507.08m

THRL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.44% below the market average28.44% below the market average28.44% below the market average28.44% below the market average28.44% below the market average
73.74% below the sector average73.74% below the sector average73.74% below the sector average73.74% below the sector average73.74% below the sector average
Price Trend
48.11% above the market average48.11% above the market average48.11% above the market average48.11% above the market average48.11% above the market average
44.74% above the sector average44.74% above the sector average44.74% above the sector average44.74% above the sector average44.74% above the sector average
Income
78.81% above the market average78.81% above the market average78.81% above the market average78.81% above the market average78.81% above the market average
42.22% below the sector average42.22% below the sector average42.22% below the sector average42.22% below the sector average42.22% below the sector average
Growth
4.18% above the market average4.18% above the market average4.18% above the market average4.18% above the market average4.18% above the market average
9.87% above the sector average9.87% above the sector average9.87% above the sector average9.87% above the sector average9.87% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

THRL Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 08-Feb-24 09-Nov-23
Paid 23-Feb-24 24-Nov-23
Amount 1.43p 1.43p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 846,149 @ 84.20p
16:35 1 @ 84.20p
16:35 2,505 @ 84.20p
16:35 2,158 @ 84.20p
16:35 14,980 @ 84.20p

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