Target Healthcare REIT (LON:THRL) Stock Passes Below 50 Day Moving Average of $79.24

Target Healthcare REIT (LON:THRL) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 79.24 ($1.01) and traded as low as GBX 77.55 ($0.98). Target Healthcare REIT shares last traded at GBX 78.50 ($1.00), with a volume of 818,224 shares changing hands.

Target Healthcare REIT Price Performance

The company has a debt-to-equity ratio of 37.57, a current ratio of 1.43 and a quick ratio of 1.52. The company’s 50 day moving average price is GBX 79.24 and its 200 day moving average price is GBX 81.07. The firm has a market capitalization of £499.29 million, a P/E ratio of 872.22, a PEG ratio of 1.48 and a beta of 0.38.

Target Healthcare REIT Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 16th were paid a GBX 1.43 ($0.02) dividend. The ex-dividend date was Thursday, May 16th. This represents a yield of 1.79%. Target Healthcare REIT’s payout ratio is presently 6,666.67%.

About Target Healthcare REIT

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.