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. More Details
Fair value with acceptable track record.
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
Stable Share Price: THRL is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: THRL's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: THRL exceeded the UK REITs industry which returned -16.7% over the past year.
Return vs Market: THRL exceeded the UK Market which returned -11% over the past year.
Long-Term 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
1 month ago | Simply Wall StDoes The Market Have A Low Tolerance For Target Healthcare REIT PLC's (LON:THRL) Mixed Fundamentals?
4 months ago | Simply Wall StIf You Had Bought Target Healthcare REIT's (LON:THRL) Shares Three Years Ago You Would Be Down 12%
8 months ago | Simply Wall StIf You Had Bought Target Healthcare REIT (LON:THRL) Stock A Year Ago, You'd Be Sitting On A 12% Loss, Today
Is Target Healthcare REIT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: THRL (£1.13) is trading below our estimate of fair value (£1.4)
Significantly Below Fair Value: THRL is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: THRL is good value based on its PE Ratio (15.8x) compared to the GB REITs industry average (21.1x).
PE vs Market: THRL is good value based on its PE Ratio (15.8x) compared to the UK market (20.9x).
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 (0.8x).
How is Target Healthcare REIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if THRL's forecast earnings growth is above the savings rate (1.2%).
Earnings vs Market: Insufficient data to determine if THRL's earnings are forecast to grow faster than the UK market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: THRL's revenue (5.5% per year) is forecast to grow slower than the UK market (6.8% per year).
High Growth Revenue: THRL's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if THRL's Return on Equity is forecast to be high in 3 years time
How has Target Healthcare REIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: THRL has high quality earnings.
Growing Profit Margin: THRL's current net profit margins (71.4%) are lower than last year (87.1%).
Past Earnings Growth Analysis
Earnings Trend: THRL's earnings have grown significantly by 22.4% per year over the past 5 years.
Accelerating Growth: THRL's earnings growth over the past year (5.8%) is below its 5-year average (22.4% per year).
Earnings vs Industry: THRL earnings growth over the past year (5.8%) exceeded the REITs industry -20.8%.
Return on Equity
High ROE: THRL's Return on Equity (6.4%) is considered low.
How is Target Healthcare REIT's financial position?
Financial Position Analysis
Short Term Liabilities: THRL's short term assets (£47.6M) exceed its short term liabilities (£13.1M).
Long Term Liabilities: THRL's short term assets (£47.6M) do not cover its long term liabilities (£156.5M).
Debt to Equity History and Analysis
Debt Level: THRL's debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: THRL's debt to equity ratio has increased from 22% to 30.4% over the past 5 years.
Debt Coverage: THRL's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: THRL's interest payments on its debt are well covered by EBIT (8.1x coverage).
What is Target Healthcare REIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: THRL's dividend (5.94%) is higher than the bottom 25% of dividend payers in the UK market (1.72%).
High Dividend: THRL's dividend (5.94%) is in the top 25% of dividend payers in the UK market (5.01%)
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 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (135.8%), 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 (91.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kenneth MacKenzie (70 yo)
Mr. Kenneth Macangus MacKenzie, MA, CA serves as Founder & Chief Executive of Target Fund Managers Limited, the Investment Manager of Target Healthcare REIT plc. Mr. MacKenzie founded the Target Advisers L...
|Founder & Chief Executive of Target Fund Managers Limited||no data||no data||no data|
|Finance Director of Target Fund Managers Limited||no data||no data||no data|
|Head of Investment - Target Fund Managers Limited||10.83yrs||no data||no data|
|Head of Healthcare - Target Fund Managers Limited||10.83yrs||no data||no data|
|Head of Asset Management - Target Fund Managers Limited||2.83yrs||no data||no data|
|Company Secretary & Director of Financial Reporting - Target Fund Managers Limited||no data||no data||no data|
Experienced Management: THRL's management team is seasoned and experienced (10.8 years average tenure).
|Independent Non-Executive Director & Senior Independent Director||no data||UK£32.75k||0.015% |
|Independent Non-Executive Chairman||7.83yrs||UK£44.00k||0.0098% |
|Independent Non-Executive Director||7.83yrs||UK£39.00k||0.0077% |
|Independent Non-Executive Director||7.83yrs||UK£32.75k||no data|
|Independent Non-Executive Director||0.50yr||UK£5.46k||no data|
Experienced Board: THRL's board of directors are considered experienced (7.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Target Healthcare REIT PLC's company bio, employee growth, exchange listings and data sources
- Name: Target Healthcare REIT PLC
- Ticker: THRL
- Exchange: LSE
- Founded: 2013
- Industry: Health Care REITs
- Sector: Real Estate
- Market Cap: UK£516.961m
- Shares outstanding: 457.49m
- Website: https://www.targethealthcarereit.co.uk
- Target Healthcare REIT PLC
- Broadgate Tower
- Level 13
- EC2A 2EW
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|THRL||LSE (London Stock Exchange)||Yes||New Ordinary Shares||GB||GBP||Mar 2013|
|THRLL||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||New Ordinary Shares||GB||GBP||Mar 2013|
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||2020/11/27 19:25|
|End of Day Share Price||2020/11/27 00:00|
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.