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Target Healthcare Reit

Current Price 108.69p Bid 107.50p Ask 108.00p Change 0.93%
Last Updated: 14/12/2018 20:36. Prices delayed by at least 15 minutes.
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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.

Financial Highlights Year Ended 30/06/2018

Turnover
£0.00m
Operating Profit
£0.00m
Dividend Yield
0.00
Dividend Per Share
6.45
Dividend Cover
0.81
P/E Ratio
20.38

Key Personnel

Robert Malcolm Naish
Non-Executive Chairman
Prof June Andrews
Non-Executive Director
Gordon Charles Coull
Non-Executive Director
Thomas J Hutchison III
Non-Executive Director
Hilary Jones
Non-Executive Director
Craig Andrew Stewart
Non-Executive Director

Stock Details

EPIC
THRL
ISIN
JE00B95CGW71
Shares in Issue
385,089,448
Market cap
£412.05m

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
108.00p
Bid Price
107.50p
Ask Price
108.00p
Volume
860042
Change Today
1.00p
% Change Today
0.93%
Open
107.63p
Previous Close
108.00p
Intraday High
108.00p
Intraday Low
106.50p
52 Week High
117.00p
52 Week Low
101.50p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Target Healthcare Reit Intra-day Chart

Assets (£m)

Data has been provided by MoneyAM

Reporting Date
30 Jun 2018
30 Jun 2017
Tangible Assets
0.0
0.0
Intangible Assets & Goodwill
0.0
0.0
Investments & Other Non-Current Assets
390.1
270.2
Total Non-Current Assets
390.1
270.2
Inventory
0.0
0.0
Trade & Receivables
3.4
25.6
Cash & Receivables
41.4
10.4
Other Current Assets & Assets Held for Resale
0.0
0.0
Total Assets
434.8
306.3

Liabilities (£m)

Data has been provided by MoneyAM

Reporting Date
30 Jun 2018
30 Jun 2017
Short Term Liabilities
7.4
6.0
Long Term Liabilities
68.9
43.3
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
76.2
49.3

Net Assets (£m)

Data has been provided by MoneyAM

Reporting Date
30 Jun 2018
30 Jun 2017
Net Assets
358.6
256.9

Equity (£m)

Data has been provided by MoneyAM

Reporting Date
30 Jun 2018
30 Jun 2017
Share Capital
330.4
241.7
Minority Interests
0.0
0.0
Retained Earnings
3.9
3.7
Share Premium Account
0.0
0.0
Other Equity
24.3
11.6
Total Equity
358.6
256.9

Cashflow (£m)

Data has been provided by MoneyAM

Reporting Date
30 Jun 2018
30 Jun 2017
Cashflow from Operating Activities
22.1
3.2
Cashflow Before Financing
-67.8
-57.8
Increase / Decrease in Cash
31.0
-54.7

Income (£m)

Data has been provided by MoneyAM

Reporting Date
30 Jun 2018
30 Jun 2017
Turnover
0.0
0.0
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
0.0
0.0
Pre-Tax Profit
105.7
101.9
Profit / Loss for the Year
0.0
0.0

Dividend History

Data has been provided by MoneyAM

Period
Ex-Dividend Date
Payment Date
H2 Dividend
09 Aug 2018
31 Aug 2019
Q3 Dividend
03 May 2018
25 May 2018
H1 Dividend
01 Feb 2018
23 Feb 2018
Q1 Dividend
16 Nov 2017
30 Nov 2017
H2 Dividend
03 Aug 2017
25 Aug 2017
Q3 Dividend
04 May 2017
26 May 2017
H1 Dividend
02 Feb 2017
24 Feb 2017
Q1 Dividend
03 Nov 2016
25 Nov 2016
H2 Dividend
11 Aug 2016
26 Aug 2016
Q3 Dividend
28 Apr 2016
27 May 2016
H1 Dividend
11 Feb 2016
26 Feb 2016
Q1 Dividend
12 Nov 2015
27 Nov 2015
H2 Dividend
13 Aug 2015
27 Aug 2015
Q3 Dividend
14 May 2015
29 May 2015
H1 Dividend
12 Feb 2015
27 Feb 2015
Q1 Dividend
13 Nov 2014
28 Nov 2014
H1 Dividend
06 Aug 2014
29 Aug 2014
H1 Dividend
07 May 2014
30 May 2014
H1 Dividend
05 Feb 2014
28 Feb 2014
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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