Target Healthcare REIT (LON:THRL - Get Free Report) shares hit a new 52-week high during trading on Wednesday after the company announced a dividend. The company traded as high as GBX 93 ($1.21) and last traded at GBX 92.90 ($1.20), with a volume of 251397 shares trading hands. The stock had previously closed at GBX 90.40 ($1.17).
The newly announced dividend which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be given a dividend of GBX 1.47 ($0.02) per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a yield of 1.64%. This is an increase from Target Healthcare REIT's previous dividend of $1.43. Target Healthcare REIT's dividend payout ratio is currently 5,000.00%.
Target Healthcare REIT Price Performance
The firm has a market cap of £563.80 million, a P/E ratio of 766.67, a PEG ratio of 1.48 and a beta of 0.44. The company has a debt-to-equity ratio of 34.92, a current ratio of 1.62 and a quick ratio of 1.52. The company's 50-day moving average is GBX 87.67 and its two-hundred day moving average is GBX 82.68.
About Target Healthcare REIT
(
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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.
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