Target Healthcare REIT (LON:THRL) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Target Healthcare REIT (LON:THRL) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Target Healthcare REIT Stock Performance

The stock 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’s 50-day moving average price is GBX 86.27 and its two-hundred day moving average price is GBX 84.57. The company has a debt-to-equity ratio of 34.92, a quick ratio of 1.52 and a current ratio of 1.62.

Target Healthcare REIT Increases Dividend

The company also recently declared 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. This is a boost from Target Healthcare REIT’s previous dividend of $1.43. The ex-dividend date of this dividend was Thursday, November 14th. This represents a dividend yield of 1.64%. Target Healthcare REIT’s dividend payout ratio is 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.