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Target Healthcare Reit

14:38 on 23/11/2017

Current Price 111.50p | Bid 110.50p | Ask 111.50p | Change 0.91%

Company Overview

Target Healthcare REIT Limited will pursue its objective by acquiring a portfolio of care homes predominantly in the UK which are let to care home operators on full repairing and insuring leases that will be subject to annual uplifts based on increases in the UK retail prices index (subject to caps and collars) or fixed uplifts. The Company will also be able to generate up to 15 per cent. of its gross income, in any financial year, from non-rental revenue or profit related payments from the care home operators under the management contracts in addition to the rental income due under the full repairing and insuring leases. In order to spread risk and diversify its portfolio, the Company is also permitted to invest up to: (i) 10 per cent. of its gross assets, at the time of investment, in other healthcare assets, such as properties which accommodate GP practices and other healthcare related services including occupational health and physiotherapy practices, pharmacies and hospitals; and (ii) 25 per cent. of its gross assets, at the time of investment, in indirect property investment funds (including joint ventures) with a similar investment policy to that of the Company. The Directors have no current intention to acquire other healthcare assets or indirect property investment funds. The Company may also acquire or establish companies, funds or other SPVs which themselves own assets falling within the Company's investment policy.

Stock Details

Shares in Issue 252,180,851
Market cap £ 282.44m
Sector Equity Investment Instruments
Indices UK FTSE All Share
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Price Summary

Mid Price ? 111.00p
Bid Price ? 110.50p
Ask Price ? 111.50p
Volume ? 85956
Change Today 1.00p
% Change Today 0.91%
Open 110.02p
Previous Close 110.00p
Intraday High 111.50p
Intraday Low 110.02p
52 Week High 118.50p
52 Week Low 105.50p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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