Target Healthcare REIT (LON:THRL - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 84.53 ($1.06) and traded as low as GBX 82.20 ($1.03). Target Healthcare REIT shares last traded at GBX 83.50 ($1.05), with a volume of 272,327 shares changing hands.
Target Healthcare REIT Stock Performance
The stock has a market capitalization of £517.90 million, a price-to-earnings ratio of 695.83, a price-to-earnings-growth 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 stock has a 50-day moving average of GBX 86.27 and a 200 day moving average of GBX 84.57.
Target Healthcare REIT Increases Dividend
The firm also recently declared a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were paid a dividend of GBX 1.47 ($0.02) per share. This represents a dividend yield of 1.64%. This is an increase from Target Healthcare REIT's previous dividend of $1.43. The ex-dividend date of this dividend was Thursday, November 14th. Target Healthcare REIT's payout ratio is 5,000.00%.
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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