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Target Healthcare REIT (LON:THRL) Stock Passes Below 200 Day Moving Average - Here's What Happened

Target Healthcare REIT logo with Real Estate background

Target Healthcare REIT (LON:THRL - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 84.87 ($1.03) and traded as low as GBX 81 ($0.99). Target Healthcare REIT shares last traded at GBX 83.50 ($1.02), with a volume of 1,061,134 shares.

Target Healthcare REIT Stock Up 0.1 %

The firm has a market cap of £517.90 million, a price-to-earnings ratio of 695.83, a PEG ratio of 1.48 and a beta of 0.44. The firm has a 50 day moving average of GBX 84.08 and a 200 day moving average of GBX 84.91. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 34.92.

Target Healthcare REIT Increases Dividend

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

About Target Healthcare REIT

(Get Free Report)

Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.

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