Target Healthcare REIT (LON:THRL) Posts Earnings Results

Target Healthcare REIT (LON:THRL) issued its quarterly earnings results on Wednesday. The company reported GBX 13.32 earnings per share for the quarter, Digital Look Earnings reports. Target Healthcare REIT had a net margin of 114.60% and a return on equity of 11.03%.

Target Healthcare REIT Stock Performance

Shares of LON:THRL traded down GBX 1 during trading hours on Wednesday, hitting GBX 113. 1,184,868 shares of the company’s stock traded hands, compared to its average volume of 4,980,209. Target Healthcare REIT has a 52 week low of GBX 92 and a 52 week high of GBX 117. The company’s fifty day simple moving average is GBX 112.24 and its two-hundred day simple moving average is GBX 107.81. The company has a market cap of £700.87 million, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 1.48 and a beta of 0.71.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 101 target price on shares of Target Healthcare REIT in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 101.

Target Healthcare REIT News Roundup

Here are the key news stories impacting Target Healthcare REIT this week:

• Positive Sentiment: Dividend increased: Target Healthcare REIT raised its dividend following higher full-year earnings, reinforcing the stock’s income appeal. The company also provided quarterly dividend guidance for the year ending June 2027. Target Healthcare REIT raises dividend as full-year earnings grow
• Positive Sentiment: Record annual performance: The REIT reported its strongest annual performance since its 2013 initial public offering, including a 12.0% total accounting return and a 6.4% increase in net tangible assets. Target Healthcare REIT posts record returns and strengthens care home portfolio
• Positive Sentiment: Higher income and portfolio strengthening: Full-year revenue reached approximately £72.1 million, while management said it had strengthened the care-home portfolio. Reported quarterly EPS was GBX 13.32, with a 114.60% net margin and 11.03% return on equity. Target Healthcare REIT Plc Reveals Climb In Full Year Income
• Positive Sentiment: Insider-linked buying: The company disclosed a share purchase involving a closely associated person, which may provide a modest confidence signal regarding the investment outlook. Insider-Linked Share Purchase Disclosed at Target Healthcare REIT
• Neutral Sentiment: Target Healthcare REIT scheduled a live online presentation of its full-year results, giving investors an opportunity to assess occupancy, rent collection, funding costs and growth plans in greater detail. 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.