Target Healthcare REIT (LON:THRL) Raises Dividend to GBX 1.47 Per Share

Target Healthcare REIT (LON:THRL) announced a dividend on Tuesday, October 29th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 14th will be paid a dividend of GBX 1.47 ($0.02) per share on Friday, November 29th. This represents a dividend yield of 1.64%. The ex-dividend date is Thursday, November 14th. This is a positive change from Target Healthcare REIT’s previous dividend of $1.43. The official announcement can be accessed at this link.

Target Healthcare REIT Price Performance

Shares of LON:THRL opened at GBX 90.42 ($1.17) on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.52 and a debt-to-equity ratio of 34.92. Target Healthcare REIT has a 1 year low of GBX 70.50 ($0.91) and a 1 year high of GBX 93.10 ($1.21). The business has a fifty day simple moving average of GBX 87.81 and a 200 day simple moving average of GBX 82.74. The firm has a market cap of £560.82 million, a price-to-earnings ratio of 754.17, a P/E/G ratio of 1.48 and a beta of 0.44.

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.