Target Healthcare REIT (LON:THRL) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Target Healthcare REIT (LON:THRL)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 88.20 ($1.15) and traded as high as GBX 92 ($1.20). Target Healthcare REIT shares last traded at GBX 86.30 ($1.12), with a volume of 1,057,909 shares trading hands.

Target Healthcare REIT Price Performance

The firm has a market cap of £542.15 million, a price-to-earnings ratio of 719.17, 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 quick ratio of 1.52 and a current ratio of 1.62. The company’s fifty day moving average is GBX 88.20 and its two-hundred day moving average is GBX 83.13.

Target Healthcare REIT Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be given a GBX 1.47 ($0.02) dividend. This is an increase from Target Healthcare REIT’s previous dividend of $1.43. The ex-dividend date is Thursday, November 14th. This represents a dividend yield of 1.64%. Target Healthcare REIT’s dividend payout ratio is presently 5,000.00%.

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.