Overview
Target Healthcare REIT is a specialist investor in UK care homes and other healthcare assets. The company’s investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth.
Fundamentals
Price
Research History
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17 Dec 2020 16 min read
QuotedData’s Real Estate Roundup – December 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]
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12 Nov 2020 12 min read
QuotedData’s Real Estate Roundup – November 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data October’s biggest movers in price terms are shown in the chart below. October finished with the threat of a second lockdown looming over the UK as COVID-19 cases continued to rise. However, this did not dampen demand for shares in some of the companies […]
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10 Sep 2020 12 min read
QuotedData’s Real Estate Roundup – September 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. There were some interesting price rises during the month of August as investors’ search for returns took them to property companies that have seen their share prices severely depressed during the Covid-19 […]
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07 May 2020 15 min read
QuotedData’s Real Estate Roundup – May 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data April’s biggest movers in price terms are shown in the chart below. Following two months of heavy falls as the covid-19 pandemic took hold and the UK was put on lockdown, many property companies saw a bounce in their share price in April, although […]
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20 Apr 2020 10 min read
QuotedData’s Real Estate Quarterly Roundup – First Quarter 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Covid chaos The covid-19 pandemic has had a devastating effect on the share price of property companies, with 31% wiped off the value of their total market capitalisation during the first quarter of 2020. Companies focused on the retail, leisure and hospitality property sectors were […]
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07 Apr 2020 15 min read
QuotedData’s Real Estate Roundup – April 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Property stocks took a hammering in March as the covid19 pandemic took hold. The UK was put on lockdown to stop the spread of the coronavirus resulting in the enforced closure of […]
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10 Mar 2020 16 min read
QuotedData’s Real Estate Roundup – March 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]
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07 Feb 2020 12 min read
QuotedData’s Real Estate Roundup – February 2020
Real Estate Roundup Performance data January’s biggest movers in price terms are shown in the chart below. The sluggish start to the year for listed property companies is hardly surprising given they were coming off a high base after the “Boris-bounce” following the general election in December. Topping the list was Triple Point Social Housing […]
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15 Oct 2019 10 min read
Investment companies quarterly roundup – Third quarter 2019
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford New research Over the third quarter, we published notes on India Capital Growth, Jupiter Emerging & Frontier Income, Montanaro European Smaller Companies, JLEN Environmental Assets, Civitas Social Housing, JPMorgan Russian Securities, International Biotechnology Trust, Aberdeen Emerging Markets, Seneca Global Income & Growth, Standard Life Investments Property Income […]
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07 Oct 2019 7 min read
QuotedData’s investment companies roundup – October 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over September, we published notes on India Capital Growth, Jupiter Emerging & Frontier, International Biotechnology Trust, JPMorgan Russian Securities, Civitas Social Housing, Montanaro European Smaller Companies and JLEN Environmental Assets. We also launched a monthly real estate roundup, beginning with reviews of August and September. In […]
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8 min read
QuotedData’s economic roundup – October 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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02 Oct 2019 15 min read
QuotedData’s Real Estate Roundup – October 2019
Real Estate Roundup Performance data September’s biggest movers in price terms are shown in the chart below. The month of September was a bumper month for many property companies’ share price, dominated by retail focused companies, who in general have taken a hammering over the past 18 months or so. Top of the list was […]
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13 Nov 2018 2 min read
QuotedData’s economic roundup – November 2018
QuotedData’s economic roundup – November 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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13 Mar 2018 2 min read
QuotedData’s investment companies roundup – March 2018
QuotedData investment companies roundup – March 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2018. Kindly sponsored by Baillie Gifford. Equity markets continued to run up in early February, supported by strong corporate earnings […]
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10 Nov 2017 2 min read
QuotedData’s economic round up – November 2017
QuotedData’s economic round up – November 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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03 Aug 2017 2 min read
QuotedData investment companies roundup – August 2017
QuotedData investment companies roundup – August 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A couple of themes stand out […]
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16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
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10 Apr 2017 1 min read
QuotedData investment companies roundup – April 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
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13 Oct 2016 1 min read
QuotedData investment companies roundup – October 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup
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1 min read
QuotedData’s round up of views on the global economy – October 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. october-economic-and-political-roundup
News
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02 Mar 2021 2 min read
QuotedData’s morning briefing 2 March 2021
In QuotedData’s morning briefing 2 March 2021: Syncona (SYNC) notes that Achilles Therapeutics, a clinical-stage biopharmaceutical company developing precision T cell therapies to treat solid tumours, announced it has filed a registration statement in relation to a proposed IPO. Syncona owns 44% of Achilles which it values at £72.4m. RTW Venture Fund (RTW) participated in a Series […]
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12 Feb 2021 2 min read
Target Healthcare REIT to raise £50m in placing
Care home investor Target Healthcare REIT has announced its intention to raise £50m through a placing to fund new acquisitions. The issue price of 111p per share represents a discount of 4.8% to last night’s closing price of 116.6p and a 2.6% premium to its last reported EPRA net asset value (NAV) of 108.2p (at […]
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02 Feb 2021 2 min read
Target Healthcare post 1.8% NAV total return for quarter
Care home investor Target Healthcare REIT has posted a net asset value (NAV) total return for the quarter to the end of December 2020 of 1.8%. The group’s EPRA NAV notched up 0.2% in the period to 108.2p per share, reflecting a 0.8% increase in the value of its portfolio to £647.7m. It paid an […]
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21 Jan 2021 2 min read
QuotedData’s morning briefing 21 January 2021
In QuotedData’s morning briefing 21 January 2021: Schroder BSC Social impact says it has committed over 80% and invested over 55% of the net proceeds of its IPO. Most of the money went into buying seven investments that were listed in the prospectus. It has also bought £2.5m of bonds issued by Triodos Bank. Triodos lends to […]
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04 Dec 2020 3 min read
QD view – Good governance might start with you
On Tuesday next week we will hold the third and final day of our ESG conference and the main focus will be on governance. The importance of this area to investors cannot be understated. Just think of the damage done at BHS, Carilion, Wirecard, Patisserie Valerie, Boohoo and Volkswagen. It wasn’t just investors taking the […]
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03 Dec 2020 3 min read
QuotedData’s morning briefing 3 December 2020
In QuotedData’s morning briefing 3 December 2020: Jupiter UK Growth’s board has agreed in principle to a voluntary winding up of the company and the offer of cash or a rollover into an open-ended UCITS fund, the Brown Advisory Global Leaders Fund. The rollover fund’s investment objective is to achieve capital appreciation by investing primarily in […]
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09 Nov 2020 2 min read
QuotedData’s morning briefing 9 November 2020
In QuotedData’s morning briefing 9 November 2020 – Tufton Oceanic Assets (SHIP) has agreed to divest one Suezmax Tanker for $19m. The divestment will reduce the company’s fleet from nineteen to eighteen vessels. SHIP says that the realised yield and internal rate of return (IRR) will greatly exceed the targets expressed in its prospectus. This will be the […]
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06 Oct 2020 2 min read
Target Healthcare REIT posts 7% NAV total return
Care home investor Target Healthcare REIT has reported a net asset value (NAV) total return for the year to 30 June 2020 of 7.0%. The group posted a 0.6% increase in EPRA NAV per share to 108.1p. Its dividend for the year grew 1.5% to 6.68p and it is proposing a further 0.6% increase for […]
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05 Aug 2020 3 min read
QuotedData’s morning briefing 5 August 2020
In QuotedData’s morning briefing 5 August 2020: SEGRO (SGRO), the £11.5bn market cap REIT focused on modern warehouses and light industrial property, announced results covering the interim period to 30 June 2020. Adjusted pre-tax profit of £140.4m, represented an increase of 6.5% year-on-year. Adjusted NAV per share increased by 2.6% over the six-month period, helped by an […]
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06 Jul 2020 1 min read
Target Healthcare reaffirms dividend after collecting 96% of rent
Target Healthcare REIT, the care home investor, has reaffirmed its dividend after collecting 96% of rents. The group said the 4% of rent currently outstanding for the quarter to September 2020 relates to care homes where active asset management initiatives are in place. As a result of the high rent collection rate, the company has […]
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21 Apr 2020 2 min read
Target Healthcare manager gets notice extension
Target Healthcare manager gets notice extension Target Healthcare REIT has issued another update, this one covers the quarter ended 31 March 2020: More cases of COVID-19 have been reported in its care homes but this still accounts for less than 5% of residents Target believes that its tenants’ cash flows will remain supported by demand […]
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1 min read
QuotedData’s morning briefing 21 April 2020
In QuotedData’s morning briefing 21 April 2020, as US oil prices go negative for the first time: Yesterday Big Yellow announced plans to raise up to £80m via a placing of shares. It wants the money to buy land to expand its portfolio. It has 13 development sites, three of which are soon to complete (adding […]
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16 Apr 2020 3 min read
COVID care home update from Target
COVID care home update from Target – Target Healthcare REIT owns 73 modern, purpose-built care homes. It has provided an update on its business and portfolio in the light of the evolving COVID-19 pandemic. This is ahead of a planned announcement on its NAV and dividend scheduled for 21 April. “The Group notes the recent commentary […]
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20 Jan 2020 3 min read
Target Healthcare completes Cheshire care home acquisition for £9.7m
Target Healthcare, the care home investor, has completed the acquisition of a new development site in Cheshire for £9.7m as it continues to deploy the proceeds from its recent oversubscribed capital raise. The group has also completed the acquisition of three other schemes, located in Yorkshire and Wales, and the construction of a care home […]
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08 Nov 2019 1 min read
QuotedData’s other news 8 November
In QuotedData’s other news 8 November – Regional REIT (RGL) has announced a spate of lettings across its portfolio at an average of 19% ahead of expected rental value. The deals comprise: a 30,100 sq ft industrial unit letting at Juniper Park, Basildon, to DG International Group for a five-year period for a rent of […]
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26 Sep 2019 1 min read
QuotedData’s other news 26 September 2019
In QuotedData’s other news 26 September 2019: 3i Infrastructure has completed the purchase of cold storage company, Ionisos, that was announced in July Custodian REIT has extended a borrowing facility that was coming to the end of its life by three years and expanded it too. Lloyds Bank agreed to increase the total funds available under […]
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23 Sep 2019 2 min read
Target Healthcare hit by loss of tenant
Target Healthcare hit by loss of tenant – Target Healthcare REIT has received notice from one of its tenants, Orchard Care Homes, which operates six homes in the Target portfolio, of its intention to exit these six leasehold homes as part of a wider business restructuring. Target says that it is continually preparing for such contingencies […]
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17 Sep 2019 1 min read
QuotedData’s other news 17 September 2019
In QuotedData’s other news 17 September 2019 – Civitas Social Housing, announced the appointment of Liberum Capital Limited as joint corporate broker to act alongside Cenkos Securities PLC, the company’s existing corporate broker. PRS REIT, the new build private homes investors, provided a trading update covering the two months to end-August 2019, since the end of its […]
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2 min read
Target Healthcare REIT has a good year
Target Healthcare REIT has a good year – Target Healthcare REIT (THRL) has reported final results, covering the period to 30 June 2019. NAV total return for the year came in at 8.1%; on an annualised basis the number is 7.9% since launch. Annualised share price total return for the same period has been 8.2 per […]
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05 Sep 2019 1 min read
Target Healthcare REIT announces £50m placing
Target Healthcare REIT (THRL) has announced a placing of new ordinary shares, that is targeting gross proceeds of approximately £50 million, under its existing Placing Programme. The offer price is 110.5 pence per share, which represents a 6.2% discount to the closing price of 117.8p per existing ordinary share on 4 September 2019 and a premium of 2.8% […]
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23 Aug 2019 1 min read
Target Healthcare adds to portfolio
Target Healthcare adds to portfolio – Care home investor Target Healthcare has acquired two new properties for £18.6m. It has bought assets in Ripon, Yorkshire and Stourport, West Midlands, with both meeting the group’s strict investment criteria of being modern, well equipped care homes with 100% en-suite wetrooms, underpinned by supportive fundamentals. The Moors Care Centre, in […]
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22 Jul 2019 1 min read
Target Healthcare REIT sells two care homes
Target Healthcare REIT sells two care homes – Target Healthcare has completed the sale of two care homes in Surrey and Essex, the price has not been disclosed. The company received offers for the homes at a combined price greater than 5% above the 31 March 2019 book value. These disposals represent less than 3% of the […]
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15 Apr 2019 2 min read
QuotedData’s other news – 15 April 2019
QuotedData’s other news – 15 April 2019 Target Healthcare has completed the acquisition of a property in Formby, Merseyside for approximately GBP6.9 million PRS REIT said that, at 31 March 2019 it had GBP603m in gross development cost, which equates to 3,951 new homes with an estimated rental value (“ERV”) of approximately GBP37.3m per annum […]
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07 Nov 2018 1 min read
Target Healthcare REIT buys in Oxford and Sevenoaks
Target Healthcare REIT buys in Oxford and Sevenoaks- the value of the two development sites is £37 million (including transaction costs and future development work). The rest of Target Healthcare’s remaining uncommitted capital is fully deployed. The remaining development will be funded under capped development contracts. The two projects are located in Cumnor Hill, Oxford […]
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05 Oct 2018 2 min read
Target Healthcare REIT cuts fees
Target Healthcare REIT cuts fees – Target Healthcare REIT has published results for the year ended 30 June 2018. Highlights EPRA NAV per share up 3.7% to 105.7p (2017: 101.9p) translating into an NAV total return of 10.5% (2017: 7.8%) EPRA earnings per share up 8.5% to 5.25p (2017: 4.84p) Dividend increased by 2.7% to 6.45p (2017: 6.28p) Dividend […]
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11 Jul 2018 2 min read
Target Healthcare REIT buys in Yorks and Lancs
Target Healthcare REIT buys in Yorks and Lancs – Target Healthcare has completed the acquisition of two properties for a total value of GBP13.9 million (including acquisition and forward funding costs): Target acquired the freehold of Cantley Grange, a modern purpose-built care home in Doncaster, South Yorkshire. The 40-bed home, which opened in 2007, has full en suite […]
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13 Jul 2017 3 min read
Target Healthcare REIT buys in Leicestershire and Merseyside
Target Healthcare REIT buys in Leicestershire and Merseyside – it has completed the acquisition of two properties for a total value of GBP16.6 million (including acquisition and forward funding costs): The Amwell in Melton Mowbray, Leicestershire, is an 88 bed home which opened its doors to residents in March 2017. Situated in a prominent location […]
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10 May 2017 1 min read
Investment Trust Insider on Civitas
Traditionally, the listed UK property sector was all about offices, warehouses and shops but, increasingly, residential property is coming into the mix. A couple of weeks ago I looked at two real estate investment trusts (Reits) focused on investments in care homes: Target Healthcare (THRL) and touched on the newly launched Impact Healthcare (IHR). We […]
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13 Apr 2017 2 min read
Target Healthcare buys three more homes
Target Healthcare REIT Limited has completed the acquisition of three purpose built care homes for a price of GBP20.9 million including acquisition costs: Willow Park Lodge, is situated next to the main hospital in Dover, Kent, and was acquired for a total consideration of GBP6.1 million including costs. It has 79 large bedrooms over four […]
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09 Mar 2017 2 min read
Target Healthcare buys two care homes in Dorset
Target Healthcare REIT has completed the acquisition of two purpose built care homes in the village of Three Legged Cross near Wimborne, Dorset for an undisclosed price. The two homes are adjacent to each other and comprise a total of 70 bedrooms. Acorn Lodge was built in 2012 and has a total of 26 bedrooms with […]
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14 Nov 2016 2 min read
Target buys Nottinghamshire care home
Target Healthcare REIT Limited has exchanged contracts to acquire a purpose-built care home located in the town of Sutton-in-Ashfield, Nottinghamshire. The home will be acquired for approximately GBP5.6 million including acquisition costs. The transaction is expected to conclude by April 2017 once the build has been completed and the home has been fitted out to specifications. […]
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25 Oct 2016 2 min read
Target Healthcare invests in Tonbridge
Target Healthcare REIT Limited has completed the acquisition of a purpose built care home in Tonbridge, Kent. They paid approximately GBP12.2 million for the property, including acquisition costs. Target Healthcare had previously entered into a forward commitment to acquire this property. This is a purpose built home which was completed in early October 2016. It has 101 bedrooms […]
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29 Sep 2016 2 min read
Target Healthcare REIT sees rents rise by 40%
Target Healthcare REIT has published results for the year ended 30 June 2016. The Group’s EPRA NAV per share increased by 2.8 per cent to 100.6 pence. When combined with dividends paid during the year, this has provided a NAV total return of 9.3 per cent. EPRA earnings have increased by 20 per cent to […]
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02 Sep 2016 2 min read
Target Healthcare REIT acquires Kingsmead House in Mytchett, near Camberley, for £6.5m
Target Healthcare REIT has announced that it has acquired Kingsmead House, a care home in Mytchett, near Camberley, Surrey, for £6.5m including acquisition costs. The company says that Kingsmead House (pictured) is a modern, purpose built care home that was completed in 2015 and offers luxurious accommodation with bedrooms looking onto peaceful landscaped gardens. Kingsmead […]
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30 Aug 2016 1 min read
Target Healthcare buys in Dundee and Derbyshire
Target Healthcare REIT Limited has announced that it has completed the acquisition of two modern, purpose built care homes located in Dundee, Scotland and Sandiacre, Derbyshire for approximately GBP14.0 million including acquisition costs. The properties comprise a total of 151 bedrooms with full en-suite bathrooms including wetrooms and opened in 2007 and 2015. A refurbishment […]
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24 Jun 2016 1 min read
Target Healthcare REIT invests in Cheltenham
Target Healthcare REIT Limited has announced that it has completed the acquisition of a modern, purpose built care home in Cheltenham, Gloucestershire for approximately GBP7.9 million including acquisition costs. The home was completed in 2010 and the striking modern design was award-nominated. It comprises 66 bedrooms with full en-suite bathrooms with wetroom showers, spread over […]
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27 May 2016 1 min read
Target Healthcare REIT acquires Halifax care home for £7.2m
Target Healthcare REIT has announced that it has acquired Summerfield House, a care home in Halifax, West Yorkshire, for approximately £7.2m including acquisition costs. It says that Summerfield House is a modern purpose-built facility, with 106 beds over three floors, which was opened in 2011. The company also says that the home is situated in […]
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20 May 2016 1 min read
Target buys care home in Southport
Target Healthcare REIT Limited has announced that it has completed the acquisition of a modern, purpose built care home in Southport, Merseyside for approximately GBP6.6 million including acquisition costs. The home, Parklands Lodge, is newly constructed having opened its doors to residents in early May. It comprises 67 bedrooms with full ensuite bathrooms including wetroom […]
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11 May 2016 1 min read
Target Healthcare buys Northern Irish care home
Having just raised £84m from investors, Target Healthcare REIT Limited has announced that it has completed the acquisition of a modern, purpose built care home in Warrenpoint, Northern Ireland for approximately £5.75m including acquisition costs. The home, Carlingford Lodge, was opened in 2011 and comprises of 74 single bedrooms with full ensuite bathrooms including wetroom […]
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11 Feb 2016 1 min read
Target Healthcare REIT to acquire care home in Bricket Wood, St Albans
Target Healthcare REIT has announced that it has exchanged contracts to acquire a 12-bed specialist care home in Bricket Wood, St Albans for approximately £2.3m (including acquisition costs). The transaction is expected to complete after the expiration of a “planning judicial review period” in March. Following this, Target is to acquire the care home, which […]
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03 Feb 2016 1 min read
Target Healthcare adds another home
Target Healthcare REIT Limited and its subsidiaries has announced that it has completed the acquisition of a premium, purpose-built care home in the south east of England for c.£14m (including transaction costs). This transaction is in accordance with the Group’s investment policy. The home was opened in 2011 and provides accommodation in luxurious surroundings in […]
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24 Dec 2015 1 min read
Target Healthcare REIT acquiring Tapton Court, Sheffield
Target Healthcare REIT has announced that it has exchanged contracts to acquire Tapton Court, a 69 bed care home in Sheffield, South Yorkshire. Tapton Court (pictured) was built in the 1990s and closed in 2014. It will now be substantially redesigned and refurbished during which the bedrooms will be enlarged and reduced in number to […]
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16 Nov 2015 2 min read
Target Healthcare REIT proposes fund raising of at least £15m
Target Healthcare REIT has announced a proposal to issue up to 15,652,803 new ordinary shares (9.99% of its existing share capital) by way of a placing. The company says that it will determine the price at which the shares will be placed based on the level of demand from potential investors, with the price expected to be […]
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02 Oct 2015 1 min read
Target Healthcare REIT matching dividend growth to inflation
Target Healthcare REIT reports 3.4% growth in its EPRA NAV for the year to the end of June 2015. EPRA earnings per share were 5.7p, 36% higher than the previous year. The dividend for the year is 6.12p – an increase of 2%. This works out at an NAV total return of 10.3% which is […]
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23 Feb 2015 2 min read
Target Healthcare expansion plans on track
Target Healthcare REIT has published results for the six months ended 31 December 2014 that show the company’s net asset value rising by 0.8% to 95.5p on property values that rose by 2.7% on a like for like basis. Revenue earnings increased by 91.6% to 3.2p. they paid two quarterly dividends of 1.53p, up 2%. […]
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03 Nov 2014 1 min read
Target Healthcare REIT invests in Yorkshire and Lancashire
THRL : Target Healthcare REIT invests in Yorkshire and Lancashire Target Healthcare REIT has announced that it has bought three purpose built care homes located in Yorkshire and Lancashire for a total of £13.3m The three homes are in Fleetwood, Lancashire (pictured); Rastrick, West Yorkshire; and Sutton-in-Craven, North Yorkshire. Between them they have a total […]
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24 Oct 2014 1 min read
Target Healthcare says it’s on track
THRL : Target Healthcare says it’s on track Target Healthcare REIT’s first set of results were published earlier in October and today it has published its first annual report. On 30 June 2014 its share price was 104.75 – a 10.6% premium to net asset value, and it had declared dividends totalling 8p since listing. […]
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04 Sep 2014 1 min read
Target Healthcare buys Hastings care home
THRL : Target Healthcare buys Hastings care home Target Healthcare REIT is paying £8m to acquire an 80 bed care home in Hastings, East Sussex. The deal is planned for November 204 when the project will be complete. Target Healthcare REIT is buying the property in a 35 year sale and leaseback deal from Hastings […]
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14 Jul 2014 1 min read
Target Healthcare REIT : THRL – Acquisition of three care homes
Target Healthcare REIT, a specialist investor in UK care homes, has acquired three purpose-built care homes and four specialist care bungalows for £20.4m. The facilities are located in Norfolk and Northern Ireland and are leased to Priory Group (the UK’s largest provider of mental health and elderly care services) for a period of up to […]
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01 Jul 2014 1 min read
Target Healthcare REIT : THRL – new care home
Target Healthcare REIT is acquiring a new, purpose-built, £6m care home in Hinckley, Leicestershire. The 72 bedroom home will be leased to Care Concern Group for 35 years on a lease that brings Target Healthcare REIT an initial 7% yield and increases in rent each year in line with RPI (subject to a cap and collar). […]
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18 Jun 2014 1 min read
Target Healthcare REIT : THRL – two new care homes
Target Healthcare REIT is buying two purpose-built care homes – Bromford Lane in Washwood Heath, Birmingham (pictured) and Beechdale Manor in Bilborough, Nottingham, for £14.3m. The homes can cater for 181 residents between them, offering residential, nursing and dementia care as well as specialist high dependency care at Bromford Lane. The price equates to a net […]
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15 May 2014 1 min read
Target Healthcare REIT : THRL – acquisitions
Target Healthcare REIT has bought three new, purpose-built care homes located in Wigan, Stockport and Coventry and let to Ideal Carehomes Group. The acquisition cost was £13.9m and for that Target Healthcare REIT gets 169 en-suite bedrooms, generating an initial yield of 7% with 35 year, inflation adjusted leases.
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28 Feb 2014 1 min read
Target Healthcare REIT : THRL – interims
Today’s announcement from Target Healthcare REIT covers the period from its incorporation on 22 January 2013 to 31 December 2013. THRL’s net asset value finished the year at 95.9p; the share price then was 105p. Target owned ten care homes at the end of December and more acquisitions are planned or in progress. The initial […]
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03 Feb 2014 1 min read
Target Healthcare REIT : THRL – buys Scottish care home
Target Healthcare REIT has bought a 61 bedroom purpose built care home in Glasgow for £4.3m. The home is let to Mossvale Care Home limited for 30 years at a rent equivalent to an initial yield of 7.75% and the rent is subject to an annual uplift in line with RPI (subject to a cap […]
In The Press
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01 Mar 2021 2 min read
Funds and trusts yielding above 5%: opportunity or value trap?
Funds and trusts yielding above 5%: opportunity or value trap? by Cherry Reynard from interactive investor | 25th February 2021 11:42 The year 2020 may have been a dismal one for income seekers, but the outlook for 2021 is brighter. There is now a wealth of funds and investment trusts showing yields of more than 5%. However, many investors saw […]
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12 Feb 2021 2 min read
When it is worth paying a premium for an investment trust
When it is worth paying a premium for an investment trust by Jennifer Hill from interactive investor | 10th February 2021 10:06 Positive news on Covid-19 vaccines led to investment trusts re-rating considerably during 2020. The average discount among equity investment trusts narrowed from 4.6% to 2.5% – the tightest level on record – according to Numis Securities. Discounts widened […]
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25 Jan 2021 2 min read
Will property investment trusts bounce back in 2021?
Will property investment trusts bounce back in 2021? by Cherry Reynard from interactive investor | 13th January 2021 12:23 Some sectors of the property market could be ripe for a revival. Cherry Reynard asks experts for trust tips to profit. In early December, the government extended its ban on evicting commercial tenants. While it gives UK companies some much needed […]
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27 Nov 2020 2 min read
Bargains abound as investment trust sector yield spikes to 21st century high
Bargains abound as investment trust sector yield spikes to 21st century high Unweighted yield hit 5.2% at end-October David Brenchley, Investment Week, 25 November 2020 Income has been hard to come by for UK investors in recent years, and this was particularly the case in 2020 as Covid-19 wreaked havoc on dividends from stocks around […]
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16 Nov 2020 2 min read
Engines of growth: Investment trusts for responsible investing
Engines of growth: Investment trusts for responsible investing By Mary McDougall, Investors Chronicle, 12 November 2020 Appetite for investment products with strong environmental, social and governance (ESG) credentials has boomed this year as the pandemic has put the need for a sustainable world under the spotlight. Enthusiasm has been helped by sustainable funds broadly outperforming their conventional peers […]
