Target Healthcare REIT (LON:THRL – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported GBX 13.32 EPS for the quarter, Digital Look Earnings reports. Target Healthcare REIT had a return on equity of 11.03% and a net margin of 114.60%.
Target Healthcare REIT Price Performance
Shares of Target Healthcare REIT stock traded up GBX 0.20 during midday trading on Wednesday, hitting GBX 114.20. The company had a trading volume of 526,556 shares, compared to its average volume of 4,976,612. Target Healthcare REIT has a 1-year low of GBX 92 and a 1-year high of GBX 117. The business’s 50 day simple moving average is GBX 112.21 and its two-hundred day simple moving average is GBX 107.75. The stock has a market cap of £708.31 million, a PE ratio of 9.09, a P/E/G ratio of 1.48 and a beta of 0.71.
Analyst Ratings Changes
Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 101 target price on shares of Target Healthcare REIT in a research report on Wednesday, August 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 101.
Target Healthcare REIT News Summary
Here are the key news stories impacting Target Healthcare REIT this week:
- Positive Sentiment: Strong annual performance: Target Healthcare reported full-year revenue of approximately £72.1 million and described the period as its best annual performance since its 2013 IPO. The company delivered a 12.0% total accounting return, while net tangible assets increased 6.4%. Target Healthcare REIT posts record returns and strengthens care home portfolio
- Positive Sentiment: Dividend increase: The REIT raised its dividend alongside higher full-year earnings and provided quarterly dividend guidance for the year ending June 2027. The increased distribution may appeal to income-focused investors and supports the stock’s yield appeal. Target Healthcare REIT raises dividend as full-year earnings grow
- Positive Sentiment: Care-home portfolio strengthened: Management said it continued to expand and improve its healthcare property portfolio, potentially supporting rental income and asset values. A disclosed share purchase involving a person closely linked to the company may also be viewed as a modest confidence signal. Insider-Linked Share Purchase Disclosed at Target Healthcare REIT
- Neutral Sentiment: Results presentation scheduled: Target Healthcare will host a live online presentation of its full-year results, giving investors an opportunity to obtain further details on occupancy, rent collection, financing and growth plans. Target Healthcare REIT schedules live online full-year results presentation
Target Healthcare REIT Company Profile
Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.
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