Target Healthcare REIT
Market Cap
UK£423.6m
Last Updated
2019/08/07 21:43 UTC
Data Sources
Company Financials +
Executive Summary
Target Healthcare REIT provide a range of tailored funding solutions to support operators to increase the provision of modern, purpose-built care homes across the UK.
Snowflake Analysis
Fair value with acceptable track record.
Similar Companies
Share Price & News
How has Target Healthcare REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Information is not available.
Market Performance
7 Day Return
-1.3%
THRL
2.8%
GB REITs
0.1%
GB Market
1 Year Return
-3.9%
THRL
18.5%
GB REITs
9.8%
GB Market
Information is not available.
Information is not available.
Shareholder returns
| THRL | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | 2.8% | 0.1% |
| 30 Day | -4.3% | 5.4% | -0.2% |
| 90 Day | -6.0% | 13.5% | 2.0% |
| 1 Year | 2.2%-3.9% | 23.8%18.5% | 15.5%9.8% |
| 3 Year | 18.8%-0.2% | 32.7%14.1% | 20.1%4.8% |
| 5 Year | 38.3%5.0% | 41.6%13.6% | 44.5%11.5% |
Price Volatility Vs. Market
How volatile is Target Healthcare REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall St
A Note On Target Healthcare REIT Limited's (LON:THRL) ROE and Debt To Equity6 months ago | Simply Wall St
Do Investors Have Good Reason To Be Wary Of Target Healthcare REIT Limited's (LON:THRL) 5.6% Dividend Yield?6 months ago | Simply Wall St
What Kind Of Shareholders Own Target Healthcare REIT Limited (LON:THRL)?Valuation
Is Target Healthcare REIT undervalued compared to its fair value and its price relative to the market?
40.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: THRL (£1.1) is trading below our estimate of fair value (£1.85)
Significantly Below Fair Value: THRL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: THRL is poor value based on its PE Ratio (13x) compared to the REITs industry average (14.6x).
PE vs Market: THRL is good value based on its PE Ratio (13x) compared to the UK market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate THRL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: THRL is overvalued based on its PB Ratio (1x) compared to the GB REITs industry average (1x).
Next Steps
Future Growth
How is Target Healthcare REIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
1.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: THRL's forecast earnings growth (1.4% per year) is above the savings rate (1.2%).
Earnings vs Market: THRL's earnings (1.4% per year) are forecast to grow slower than the UK market (12.4% per year).
High Growth Earnings: THRL's earnings are forecast to grow, but not significantly.
Revenue vs Market: THRL's revenue (15.1% per year) is forecast to grow faster than the UK market (3.6% per year).
High Growth Revenue: THRL's revenue (15.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Information is not available.
Next Steps
Past Performance
How has Target Healthcare REIT performed over the past 5 years?
40.2%
Historical annual earnings growth
Earnings and Revenue History
Information is not available.
Information is not available.
Past Earnings Growth Analysis
Earnings Trend: THRL has become profitable over the past 5 years, growing earnings by 40.2% per year.
Accelerating Growth: THRL's earnings growth over the past year (25.7%) is below its 5-year average (40.2% per year).
Earnings vs Industry: THRL earnings growth over the past year (25.7%) exceeded the REITs industry -16.8%.
Return on Equity
High ROE: THRL's Return on Equity (6.8%) is considered low.
Return on Assets
Return on Capital Employed
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Financial Health
How is Target Healthcare REIT's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Information is not available.
Information is not available.
Financial Institutions Analysis
Asset Level: THRL's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if THRL has a sufficient allowance for bad loans.
Low Risk Liabilities: THRL reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if THRL has an acceptable proportion of non-loan assets held.
Low Risk Deposits: THRL has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if THRL has an appropriate level of bad loans.
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Dividend
What is Target Healthcare REIT's current dividend yield, its reliability and sustainability?
5.98%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: THRL's dividend (5.98%) is higher than the bottom 25% of dividend payers in the UK market (1.95%).
High Dividend: THRL's dividend (5.98%) is in the top 25% of dividend payers in the UK market (5.19%)
Stability and Growth of Payments
Stable Dividend: THRL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: THRL's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (171.6%), THRL's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: THRL's dividends in 3 years are forecast to be covered by earnings (98.3% payout ratio).
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Management
What is the CEO of Target Healthcare REIT's salary, the management and board of directors tenure and is there insider trading?
6.3yrs
Average management tenure
CEO
Kenneth MacKenzie 0
0yrs
Tenure
Mr. Kenneth Macangus MacKenzie, MA CA serves as Chief Executive of Target Advisers LLP. Mr. MacKenzie founded the Target Advisers LLP in 2010. He is a Chartered Accountant with 40 years of business leaders ...
Management Age and Tenure
6.3yrs
Average Tenure
Experienced Management: THRL's management team is seasoned and experienced (6.3 years average tenure).
Board Age and Tenure
6.6yrs
Average Tenure
66yo
Average Age
Experienced Board: THRL's board of directors are considered experienced (6.6 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Information is not available.
Management Team
Gordon Bland
Finance Director
- Tenure: 0yrs
Kenneth MacKenzie
Chief Executive Officer
- Tenure: 0yrs
John Flannelly
Head of Investment - Target Advisers LLP
- Tenure: 9.6yrs
Andrew Brown
Head of Healthcare - Target Advisers LLP
- Tenure: 9.6yrs
Donald Campbell
Head of Tax
- Tenure: 2.9yrs
Scott Steven
Head of Asset Management
- Tenure: 1.6yrs
Board Members
Tom Hutchison (77yo)
Senior Independent Director
- Tenure: 6.6yrs
- Compensation: UK£30.00k
Craig Stewart (54yo)
Independent Non-Executive Director
- Tenure: 1.6yrs
- Compensation: UK£7.00k
Robert Naish (66yo)
Independent Non-Executive Chairman
- Tenure: 6.6yrs
- Compensation: UK£40.00k
Gordon Coull
Independent Non-Executive Director
- Tenure: 6.6yrs
- Compensation: UK£35.00k
Hilary Jones
Independent Non-Executive Director
- Tenure: 5.1yrs
- Compensation: UK£15.00k
June Andrews
Independent Non-Executive Director
- Tenure: 6.6yrs
- Compensation: UK£30.00k
Company Information
Target Healthcare REIT PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Target Healthcare REIT PLC
- Ticker: THRL
- Exchange: LSE
- Founded: 2013
- Industry: Health Care REITs
- Sector: Real Estate
- Market Cap: UK£423.598m
- Shares outstanding: 385.09m
- Website: https://www.targethealthcarereit.co.uk
Location
- Target Healthcare REIT PLC
- Ordnance House
- 31 Pier Road
- Saint Helier
- JE4 8PW
- Jersey
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| THRL | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Mar 2013 |
| THRLL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Mar 2013 |
Biography
Target Healthcare REIT provide a range of tailored funding solutions to support operators to increase the provision of modern, purpose-built care homes across the UK.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/07 21:43 |
| End of Day Share Price | 2019/08/07 00:00 |
| Earnings | 2018/12/31 |
| Annual Earnings | 2018/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.