Target Healthcare REIT (LON:THRL) Reaches New 12-Month High at $89.70

Target Healthcare REIT (LON:THRL) hit a new 52-week high during trading on Monday . The company traded as high as GBX 89.70 ($1.17) and last traded at GBX 89.70 ($1.17), with a volume of 1006413 shares trading hands. The stock had previously closed at GBX 87.50 ($1.14).

Target Healthcare REIT Price Performance

The company has a quick ratio of 1.52, a current ratio of 1.43 and a debt-to-equity ratio of 37.57. The business’s 50-day simple moving average is GBX 82.60 and its 200 day simple moving average is GBX 80.73. The firm has a market capitalization of £556.36 million, a P/E ratio of 981.11, a PEG ratio of 1.48 and a beta of 0.42.

Target Healthcare REIT Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid 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 payout ratio is 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.