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Pin to quick picksTarget Healthc. Share News (THRL)

Share Price Information for Target Healthc. (THRL)

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Share Price: 79.50
Bid: 79.50
Ask: 79.80
Change: 0.00 (0.00%)
Spread: 0.30 (0.377%)
Open: 79.20
High: 80.40
Low: 79.20
Prev. Close: 79.50
THRL Live PriceLast checked at -
Target Healthcare REIT is an Investment Trust

To provide ordinary shareholders with an attractive level of income with the potential for capital and income growth from investing in best-in-class care home assets with attractive financial characteristics.

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IN BRIEF: Target Healthcare REIT says asset values hurt by rate hikes

Thu, 02nd Feb 2023 11:56

Target Healthcare REIT PLC - London-based real estate investment trust investing in care homes - EPRA net tangible assets per share are 103.0 pence on December 31, down 8.1% from 112.1p on September 30, mostly due to like-for-like portfolio valuation decrease of 5.0%. EPRA refers to European Real Estate Association. Net asset value total return, a combination of NTA movement and dividend payments, is negative 6.6% in the recent quarter, Target Healthcare's financial second quarter. Declares second interim dividend of 1.69 pence per share, the same as for the first. Notes interim dividend reflects annualised payment of 6.76p and a dividend yield on Wednesday's closing price of 8.4%.

"Following the interest rate rises witnessed in late 2022, real estate values across almost all sectors have been falling," says Kenneth MacKenzie, chief executive officer of Target Fund Managers. "While the group has not been completely immune to this trend, our portfolio has demonstrated its resilience versus the CBRE UK monthly index (all property) capital decline of 14.6% for the same quarter."

Current stock price: 85.20p, up 6.4% on Thursday in London

12-month change: down 26%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
20 Jan 2020 09:23

Target Healthcare buys Cheshire development site for ?9.7m

(Sharecast News) - Specialist care homes investor Target Healthcare has completed the acquisition of a new development site in Cheshire for £9.7m, including transaction costs, as it continues to deploy the proceeds from its recent oversubscribed capital raise, it announced on Monday.

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15 Jan 2020 13:44

Target Healthcare Secures New Long-Term Institutional Debt Facility

Target Healthcare Secures New Long-Term Institutional Debt Facility

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22 Nov 2019 16:06

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

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21 Nov 2019 16:06

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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8 Nov 2019 12:09

Target Healthcare Quarterly Assets Rise; Buys New Care Home Properties

Target Healthcare Quarterly Assets Rise; Buys New Care Home Properties

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8 Nov 2019 12:05

Target Healthcare deploys recently-raised funds in four transactions

(Sharecast News) - Care home investor Target Healthcare has agreed the acquisition of eight care homes and 31 retirement apartments, in four separate transactions, for a total consideration of £81.3m including transaction costs, it announced on Friday.

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26 Sep 2019 12:13

Target Healthcare Raises GBP80 Million From Oversubscribed Placing

Target Healthcare Raises GBP80 Million From Oversubscribed Placing

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25 Sep 2019 14:43

Target Healthcare Ups Fundraise Target After Investor Support

Target Healthcare Ups Fundraise Target After Investor Support

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23 Sep 2019 14:57

Target Healthcare Says Care Home Tenant Will Exit Six Leaseholds

Target Healthcare Says Care Home Tenant Will Exit Six Leaseholds

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23 Aug 2019 08:30

Target Healthcare buys Yorkshire and West Midlands properties

(Sharecast News) - Real estate investment trust Target Healthcare has acquired two properties for approximately £18.6m on Friday, both of which were let on 35-year leases.

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1 Aug 2019 16:17

Target Healthcare Reports Rise In Net Asset Value During Final Quarter

(Alliance News) - Target Healthcare REIT said Thursday its net asset value rose 0.5% quarter-on-quarter.In the period ended June 30, net asset value per share rose to 107.80 pence from in a

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22 Jul 2019 12:44

Target Healthcare Disposes Of Two Care Homes In Surrey And Essex

(Alliance News) - Target Healthcare REIT Ltd on Monday said it has completed the disposal of two care homes in Surrey and Essex for an undisclosed price.The company, which invests in care a

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10 Jul 2019 14:24

Target Healthcare Ups Final Payout For Financial 2019

(Alliance News) - Care homes investor Target Healthcare REIT Ltd on Wednesday declared an increased fourth and final dividend for the year ended June 30.The company declared a dividend of a

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28 Jun 2019 10:36

Target Healthcare buys new-build Nottingham care home for ?7.6m

(Sharecast News) - Care homes investment company Target Healthcare has completed the acquisition of a property in Nottingham for approximately £7.6m, including transaction costs, through a sale-and-leaseback transaction, it announced on Friday.

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28 Jun 2019 10:23

Target Healthcare Acquires Care Home In Nottingham For GBP7.6 Million

(Alliance News) - Target Healthcare REIT Ltd on Friday said it has completed the acquisition of a property in Nottingham for GBP7.6 million, including transaction costs, through a sale and care in

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