Target Healthcare REIT (LON:THRL) Trading Down 1.1% – What’s Next?

Posted by Latisha Jones on Dec 15th, 2024

Shares of Target Healthcare REIT (LON:THRL – Get Free Report) dropped 1.1% on Friday . The company traded as low as GBX 86 ($1.09) and last traded at GBX 86 ($1.09). Approximately 965,859 shares were traded during trading, a decline of 15% from the average daily volume of 1,141,486 shares. The stock had previously closed at GBX 87 ($1.10).

Target Healthcare REIT Price Performance

The stock has a fifty day moving average of GBX 87.12 and a two-hundred day moving average of GBX 84.27. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 34.92. The stock has a market cap of £533.41 million, a price-to-earnings ratio of 716.67, a price-to-earnings-growth ratio of 1.48 and a beta of 0.44.

Target Healthcare REIT Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a dividend of GBX 1.47 ($0.02) per share. This represents a yield of 1.64%. The ex-dividend date was Thursday, November 14th. This is a positive change from Target Healthcare REIT’s previous dividend of $1.43. Target Healthcare REIT’s dividend payout ratio (DPR) is 5,000.00%.

Target Healthcare REIT Company Profile

(Get Free Report)

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.