Target Healthcare REIT (LON:THRL) Stock Price Crosses Above Fifty Day Moving Average of $81.91

Target Healthcare REIT (LON:THRL) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 81.91 ($1.08) and traded as high as GBX 85.30 ($1.12). Target Healthcare REIT shares last traded at GBX 85.30 ($1.12), with a volume of 655,611 shares traded.

Target Healthcare REIT Stock Up 1.1 %

The company’s 50 day moving average price is GBX 81.91 and its two-hundred day moving average price is GBX 80.40. The company has a current ratio of 1.43, a quick ratio of 1.52 and a debt-to-equity ratio of 37.57. The firm has a market cap of £529.06 million, a PE ratio of 947.78, a PEG ratio of 1.48 and a beta of 0.42.

Target Healthcare REIT Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of GBX 1.43 ($0.02) per share. This represents a yield of 1.84%. The ex-dividend date was Thursday, August 15th. Target Healthcare REIT’s dividend payout ratio is presently 6,666.67%.

Target Healthcare REIT Company Profile

UK listed Target Healthcare REIT plc (THRL) is an externally managed Real Estate Investment Trust which provides shareholders with an attractive level of income, together with the potential for capital and income growth, from investing in a diversified portfolio of modern, purpose-built care homes. The Group's portfolio at 31 December 2023 comprised 98 assets let to 32 tenants with a total value of £911.1 million.