Target Healthcare REIT (LON:THRL) Share Price Crosses Above 50-Day Moving Average of $81.91

Target Healthcare REIT (LON:THRL)’s stock price 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 changing hands.

Target Healthcare REIT Stock Performance

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 stock has a market cap of £529.06 million, a PE ratio of 947.78, a P/E/G ratio of 1.48 and a beta of 0.42. The business’s 50-day moving average price is GBX 81.91 and its 200-day moving average price is GBX 80.43.

Target Healthcare REIT Announces Dividend

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

About Target Healthcare REIT

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.