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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09 Oct 2024 17 min read
QuotedData’s Real Estate Monthly Roundup – October 2024
October 2024 Winners and losers in September 2024 Best performing funds in price terms (%) Harworth Group 17.0 Life Science REIT 14.7 Hammerson 12.0 Balanced Commercial Property Trust 10.2 Phoenix Spree Deutschland 8.6 PRS REIT 8.5 abrdn Property Income Trust 8.3 Target Healthcare REIT 7.9 Custodian Property Income REIT 7.6 Tritax EuroBox 7.1 Source: Bloomberg, […]
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11 Mar 2024 12 min read
QuotedData’s Real Estate Monthly Roundup – March 2024
Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was another month of disappointing share price performance for the real estate sector, as the timing of the fabled interest rate cuts that could kick start a recovery in the sector remains unclear […]
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13 Dec 2023 15 min read
QuotedData’s Real Estate Monthly Roundup – December 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data November’s biggest movers in price terms are shown in the charts below. Property stocks bounced back in November after a difficult few months, with the median share price across the sector up 8.2%. Investor sentiment towards the sector improved as hopes that interest rates have hit […]
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17 Nov 2023 11 min read
QuotedData’s Real Estate Monthly Roundup – November 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data October’s biggest movers in price terms are shown in the charts below. October was another difficult month for property companies, with only a handful of positive moves and the median share price across the sector down 4.7%. Although not reflected in the data here, the Bank […]
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17 Oct 2023 8 min read
QuotedData’s Real Estate Quarterly Review – Third Quarter 2023
Real estate quarterly report Kindly sponsored by abrdn Chinks of light It has been another quarter of pain for real estate investment trusts (REITs) and listed property companies, with share price weakness continuing and average falls of 13.7% across the sector (as shown in the chart to the right). There are chinks of light appearing […]
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13 Oct 2023 12 min read
QuotedData’s Real Estate Monthly Roundup – October 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data September’s biggest movers in price terms are shown in the charts below. Investor sentiment towards property stocks continues to wane, with the median share price of REITs and listed property companies down another 2.4% over the month of September – and 14.8% in the year to […]
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14 Sep 2023 17 min read
QuotedData’s Real Estate Monthly Roundup – September 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data August’s biggest movers in price terms are shown in the charts below. The property sector remains in a state of limbo as investors await signs that interest rates have peaked. The median share price of REITs and listed property companies was down 2.4% over the month […]
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13 Jun 2023 15 min read
QuotedData’s Real Estate Monthly Roundup – June 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data May’s biggest movers in price terms are shown in the charts below. The property sector is a hotbed of merger and acquisition (M&A) activity as investors look to take advantage of the unloved sector and wide discounts to net asset values (NAVs). Higher than expected inflation […]
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16 May 2023 13 min read
QuotedData’s Real Estate Monthly Roundup – May 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data April’s biggest movers in price terms are shown in the charts below. Property stocks returned to positive territory in April after months of losses due to the impact of higher interest rates on valuations. The first signs of values stabilising are starting to feed through with […]
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06 Apr 2023 13 min read
QuotedData’s Real Estate Monthly Roundup – April 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data March’s biggest movers in price terms are shown in the charts below. Property stocks tumbled further in March as stubborn inflation and a further interest rate hike was announced by the Bank of England. The median average share price fall across the sector was 7.9%. Perhaps […]
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09 Mar 2023 15 min read
QuotedData’s Real Estate Monthly Roundup – March 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was a mixed month in terms of share price performance for property companies, with a mean average share price fall of 0.3% across the sector. On the positive side, shopping centre behemoth Hammerson […]
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07 Dec 2022 12 min read
QuotedData’s Real Estate Roundup – December 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data November’s biggest movers in price terms are shown in the charts below. Valuation declines in the property sector are starting to feed through in NAV announcements and interim results (see page 2) as higher cost of debt continues to put pressure on pricing. Having seen dramatic […]
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03 Nov 2022 8 min read
QuotedData’s Real Estate Roundup – November 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data October’s biggest movers in price terms are shown in the charts below. Having priced in a major write-down of portfolio valuations in the real estate sector, especially after interest rate expectations rocketed following the disastrous mini-budget at the end of September, the market seems to have […]
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50 min read
QuotedData’s Economic and Political Monthly Roundup November 2022
Economic and Political Monthly Roundup Investment companies | Monthly | November 2022 A collation of recent insights on markets and economies taken from the comments made by chairs 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 […]
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07 Sep 2022 11 min read
QuotedData’s Real Estate Roundup – September 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data August’s biggest movers in price terms are shown in the charts below. AIM-listed small cap fund manager and investor First Property Group tops the list of best performing property companies in August. It was the only company to see a double-digit rise in its share price, […]
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15 Jul 2022 8 min read
QuotedData’s Real Estate Quarterly Review – Second Quarter 2022
Real Estate Quarterly Review Kindly sponsored by abrdn Storm clouds gather Fears that a perfect storm is brewing has weighed on the real estate sector. Central banks’ move to raise interest rates to curb spiralling inflation has stoked concerns that investors will turn away from real estate to less risky alternatives, such as bonds. Meanwhile […]
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07 Jul 2022 15 min read
QuotedData’s Real Estate Roundup – July 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data June’s biggest movers in price terms are shown in the charts below. There were only a handful of property companies that saw share price growth in the month of June as interest rate rises and concerns of an impending recession took hold. Top of the list […]
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10 Jun 2022 16 min read
QuotedData’s Real Estate Roundup – June 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data May’s biggest movers in price terms are shown in the charts below. A perpetual theme in the listed property sector over the last few years has been the persistent discount to net asset value that many companies’ share prices have traded on. Some have succumbed to […]
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06 Apr 2022 15 min read
QuotedData’s Real Estate Roundup – April 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data March’s biggest movers in price terms are shown in the charts below. Property stocks generally rallied in March, perhaps due to the relative inflation hedge they can provide. There were two outliers in Dublin office specialist Hibernia REIT and small-cap South East of England landlord McKay […]
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04 Feb 2022 7 min read
QuotedData’s Real Estate Roundup – February 2022
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data January’s biggest movers in price terms are shown in the charts below. Perhaps reflecting optimism around the strength of the economy coming out of COVID restrictions, a shift to value stocks was triggered in January, with property generalists and retail-focused companies the beneficiaries. Hammerson […]
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06 Dec 2021 13 min read
QuotedData’s Real Estate Roundup – December 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the charts below. November ended under a cloud of uncertainty, with the discovery of the Omicron coronavirus variant threating a return of restrictions that have wreaked havoc in the property sector over the past two […]
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08 Nov 2021 8 min read
QuotedData’s Real Estate Roundup – November 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data October’s biggest movers in price terms are shown in the chart below. The best performing real estate funds in October were mainly sector specialists, however, the property generalists had a good month too, led by BMO Real Estate Investments. The company saw its share […]
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15 Oct 2021 8 min read
QuotedData’s Real Estate Quarterly Review – Third Quarter 2021
Real Estate Quarterly Review Kindly sponsored by Aberdeen Standard Investments Rate rise fears dampens bounce back The quarter started with much promise, as activity picked up with the full opening of the economy. This was reflected in the valuation of commercial properties and in turn investor sentiment to the listed real estate sector. However, supply chain […]
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08 Oct 2021 10 min read
QuotedData’s Real Estate Roundup – October 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. With fears that economic growth will be stunted by supply chain issues, September wasn’t a great month for property stocks. However, development and regeneration specialist Harworth saw its share price rise 13.3% […]
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09 Sep 2021 9 min read
QuotedData’s Real Estate Roundup – September 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. Traditionally a quiet month, August was anything but for property companies. While takeovers, IPO activity and large investment deals dominated the headlines, Tritax Big Box REIT continued its impressive performance. After reporting […]
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09 Jul 2021 10 min read
QuotedData’s Real Estate Roundup – July 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. In a month when Boris Johnson announced the easing of restrictions would be pushed back as COVID cases rose, only a handful of property companies saw share price gains. Topping the list […]
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11 May 2021 9 min read
QuotedData’s Real Estate Roundup – May 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data April’s biggest movers in price terms are shown in the chart below. Diversified property companies were the winners in April as progress in the UK’s vaccination programme and roadmap out of lockdown continued unabated. Six of the top 10 best performing companies in price […]
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19 Apr 2021 8 min read
QuotedData’s Real Estate Quarterly Review – first quarter 2021
Lockdown cloud begins to lift The success of the vaccine rollout in the UK and the implementation of a roadmap out of lockdown saw the share prices of listed property companies – most of which had been decimated during the last year – make somewhat of a recovery. The economy is on firmer footing and […]
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14 Apr 2021 11 min read
QuotedData’s Real Estate Roundup – April 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Drum Income Plus REIT saw its share price rally 75% in March following the announcement that its board was undertaking a strategic review to consider the future of the company, which it […]
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08 Mar 2021 10 min read
QuotedData’s Real Estate Roundup – March 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. The roadmap out of lockdown and the impressive vaccination programme in the UK has lifted confidence in a swift economic recovery and triggered a shift to value stocks. Property companies on significant […]
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17 Dec 2020 12 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 9 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 8 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 11 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 7 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 11 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 12 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 9 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 7 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 5 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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6 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 11 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 1 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 1 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 1 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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08 May 2025 1 min read
QuotedData’s morning briefing 8 May 2025 – APAX, SSIT, CREI, THRL
In QuotedData’s morning briefing 8 May 2025: We also have: Did you see yesterday?
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29 Oct 2024 1 min read
QuotedData’s morning briefing 29 October 2024 – MUT, GPE, THRL, GIF
In QuotedData’s morning briefing 29 October 2024: Murray Income Trust (MUT) has a new, £30m (extendable to £50m) unsecured, three year multi-currency revolving credit facility with The Royal Bank of Scotland which will expire on 22 October 2027. CHF363,000, USD2.4m, EUR4.05m, NOK4.275m and DKK2.75m (equivalent to £6.1m in aggregate) has already been drawn down and […]
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17 Sep 2024 2 min read
Target Healthcare REIT posts 11.8% return with care home sector dynamics positive
Target Healthcare REIT posted an impressive NAV total return of 11.8% in annual results for the year ended 30 June 2024. The care home landlord reported an EPRA net tangible assets (NTA) uplift of 5.9% over the year to 110.7p per share. This was mainly due to a 4.6% increase in the value of its 94-home […]
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06 Aug 2024 1 min read
QuotedData’s morning briefing 6 August 2024 – APAX, THRL
In QuotedData’s morning briefing 6 August 2024: Apax Global Alpha (APAX) announced that Thoughtworks, a portfolio company in the Apax IX Fund, in which Apax Global Alpha Limited is a limited partner, has entered into a definitive agreement to be taken private by Apax Funds for $4.40 per share, which implies a total enterprise value […]
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27 Jun 2024 1 min read
Target Healthcare REIT sells four care home at book value
Target Healthcare REIT has completed the disposal of four UK care homes for £44.5m at a modest premium to the book value at 31 March 2024. The sales price reflects a net initial yield of 5.64%. Proceeds from the disposal, which represented 326 beds and 4.6% of the group’s overall portfolio value, will enable a […]
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09 May 2024 2 min read
QuotedData’s morning briefing 9 May 2024 – SONG, DGN, AWEM, EOT, GSEO, THRL, AIRE, SOHO, SMT
In QuotedData’s morning briefing 9 May 2024: Concord Bidco, the bidding vehicle for the Alchemy/Concord Chorus bid for Hipgnosis (SONG), says that its offer of $1.25 per Hipgnosis share is final and will not be increased. [QD comment: as we suspected, Concord was unable/unwilling to better Blackstone’s $1.30 bid, which at the current exchange rate […]
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12 Mar 2024 2 min read
QuotedData’s morning briefing 12 March 2024 – RGL, THRL, LAND, GSF
In QuotedData’s morning briefing 12 March 2024: Regional REIT (RGL) says that it is exploring a possible equity capital raise of around £75m through a rights issue that would be at a material discount to the current share price. The company adds that the rights issue is one of a range of refinancing options it is […]
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01 Feb 2024 2 min read
QuotedData’s morning briefing 1 February 2024 – CVCE, CVCG, GABI, THRL, API
In QuotedData’s morning briefing 1 February 2024: CVC Income & Growth (CVCE / CVCG) is holding a tender offer in March. As part of this it is offering shareholders the chance to sell their shares on to third parties rather than wait for the tender. The broker Winterflood will try to sell the shares but […]
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01 Nov 2023 1 min read
QuotedData’s morning briefing 1 November 2023 – VEIL, BPCR, TLEI, THRL
In QuotedData’s morning briefing 1 November 2023: Vietnam Enterprise Investments Limited (VEIL) has announced that Mr. Gordon Lawson will step down as chair of the company and resign from the board, both effective 30 June 2024. Mr. Lawson has served as an independent non-executive director of VEIL since July 2014, and as chair since 2022. […]
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10 Oct 2023 2 min read
Target Healthcare REIT reports stabilising values and earnings growth
Target Healthcare REIT reported a 6.9% fall in EPRA net tangible assets (NTA) to 104.5p per share in full year results to 30 June 2023. The care home landlord said that valuations had stabilised over the second half of its financial year following the impact of higher interest rates in the first half. Uplifts of […]
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02 Aug 2023 2 min read
QuotedData’s morning briefing 2 August 2023
QuotedData’s morning briefing 2 August 2023 Alternative Income REIT (AIRE) has posted a 0.7% increase in NAV to 84.2p for the quarter to 30 June 2023, following a 0.3% rise in the value of its portfolio to £107.0m. EPRA earnings were up 8.2% to 1.7p per share, and the board declared a quarterly dividend of […]
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27 Mar 2023 2 min read
QuotedData morning briefing 27 March 2023
In QuotedData’s morning briefing for 27 March 2023: The Renewables Infrastructure Group (TRIG) has entered into a corporate Power Purchase Agreement with BT Group for Blary Hill onshore wind farm. Pricing has been agreed for the duration of the 10-year PPA on pay-as-produced terms. Located in Scotland, the windfarm has a 35MW capacity, consists of […]
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02 Feb 2023 2 min read
QuotedData’s morning briefing 2 February 2023
In QuotedData’s morning briefing 2 February 2023: Ecofin US Renewables’ (RNEW) manager increased its holding in the fund, buying 59,096 shares in the market at an average price of $0.835 in part settlement of its management fee due for the three-month period ended 31 December 2022. It and its associates now hold 346,887 shares. abrdn […]
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12 Oct 2022 2 min read
Target Healthcare REIT reports 8.1% NAV total return
Care home owner Target Healthcare REIT reported a 8.1% NAV total return for the year ended 30 June 2022. Result highlights include: EPRA NTA per share increased 1.7% to 112.3 pence (2021: 110.4 pence) Group specific adjusted EPRA earnings per share fell 7.5% to 5.05p (2021: 5.46p), mainly due to the time lag between a […]
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09 Jun 2022 2 min read
QuotedData’s morning briefing 9 June 2022
In QuotedData’s morning briefing 9 June 2022: NextEnergy Solar Fund (NESF) now has its hundredth operating solar asset, an 181kW commercial rooftop solar power asset located on a Holiday Inn in Nottinghamshire. The asset benefits from an attractive 25-year power purchase agreement for 100% of its generated volume. This is the final investment under the […]
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05 May 2022 1 min read
QuotedData’s morning briefing 5 May 2022
In QuotedData’s morning briefing 5 May 2022: HydrogenOne Capital Growth (HGEN) says that Roger Bell is stepping down with immediate effect from its board. He will not be seeking election at the company’s first AGM on 24 May 2022. Roger was the representative of INEOS UK E&P Holdings Limited (INEOS Energy) on the board. Changes […]
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20 Oct 2021 2 min read
Target Healthcare REIT delivers 8.8% NAV total return
Target Healthcare REIT, the care homes investor, delivered a net asset value (NAV) total return for the year ended 30 June 2021 of 8.8%. EPRA net tangible assets (NTA) was up 2.1% to 110.4p per share, while the group paid out dividends of 6.72p. The dividend (which was up 0.6% on 2020) was not fully […]
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09 Sep 2021 2 min read
QuotedData’s morning briefing 9 September 2021
In QuotedData’s morning briefing 9 September 2021: BlackRock Throgmorton is asking investors to allow it to issue more shares. The permission given by investors at the last AGM is starting to run out as the success of the trust attracts new investors. Growing the trust adds to the NAV, because all new shares are issued […]
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27 Apr 2021 2 min read
Target Healthcare REIT posts 2.5% NAV total return for quarter
Target Healthcare REIT has posted a 2.5% net asset value (NAV) total return for the first quarter of 2021. The care home investor said EPRA NAV per share was up 0.8% to 109.1 pence in the quarter to 31 March 2021. Including payment of a dividend of 1.68 pence during the period, the NAV total […]
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23 Mar 2021 1 min read
Target Healthcare REIT posts 3.3% NAV total return in interims
Care home owner Target Healthcare REIT has posted a 3.3% net asset value (NAV) total return for the six months to 31 December 2020. The group, which raised £60m earlier this month to buy an identified pipeline of investments, said this was driven primarily by the rental and valuation growth of the property portfolio. The […]
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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 1 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 1 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 1 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 2 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 2 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 1 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 2 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 2 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 2 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 1 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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1 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 1 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 1 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 2 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 1 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 1 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 1 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 1 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 […]
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In The Press
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23 Dec 2021 1 min read
The Investment Trusts Handbook 2022: All Change, Please
JAMES CARTHEW explores when and why boards choose to change their fund manager. In my opinion, one of the greatest strengths of the investment companies industry is its system of governance. Boards of independent directors work for and on behalf of investors. Boards’ ability to fire underperforming managers helps to keep these managers on their […]
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15 Nov 2021 2 min read
The alternative trusts allowing investors to capture new trends
Investment trusts enjoy record year for fundraising as they back a new wave of innovation November 11, 2021, Investors Chronicle, By Mary McDougall Investment trust fundraising amounted to £11.4bn in the first 10 months of the year, a record for the ancient fund structure which is now financing a new wave of innovation. Most striking is the […]
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01 Mar 2021 1 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 1 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 1 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 1 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 1 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 […]
