Target Healthcare REIT (LON:THRL – Get Free Report) released its quarterly earnings data on Wednesday. The company reported GBX 13.32 earnings per share (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 Stock Performance
Shares of LON:THRL traded down GBX 1 during trading on Wednesday, reaching GBX 113. The company had a trading volume of 701,737 shares, compared to its average volume of 4,977,569. The firm has a market capitalization of £700.87 million, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.48 and a beta of 0.71. The firm’s fifty day moving average is GBX 112.21 and its 200 day moving average is GBX 107.75. Target Healthcare REIT has a twelve month low of GBX 92 and a twelve month high of GBX 117.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reiterated a “hold” rating and set a GBX 101 price objective on shares of Target Healthcare REIT in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 101.
Key Target Healthcare REIT News
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
About Target Healthcare REIT
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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