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

Target Healthcare REIT (LON:THRL)’s share price reached a new 52-week high during mid-day 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 Trading Up 2.5 %

The stock has a 50 day moving average of GBX 82.60 and a 200-day moving average of GBX 80.73. The company has a market capitalization of £556.36 million, a P/E ratio of 981.11, a P/E/G ratio of 1.48 and a beta of 0.42. The company has a current ratio of 1.43, a quick ratio of 1.52 and a debt-to-equity ratio of 37.57.

Target Healthcare REIT Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a dividend of GBX 1.43 ($0.02) per share. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 1.84%. Target Healthcare REIT’s dividend payout ratio (DPR) is presently 6,666.67%.

Target Healthcare REIT Company Profile

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.