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

Shares of Target Healthcare REIT (LON:THRL) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 85.56 ($1.12) and traded as high as GBX 92.90 ($1.22). Target Healthcare REIT shares last traded at GBX 87.70 ($1.15), with a volume of 730,156 shares changing hands.

Target Healthcare REIT Stock Performance

The company’s fifty day moving average price is GBX 85.56 and its 200 day moving average price is GBX 81.89. The company has a market cap of £545.81 million, a PE ratio of 730.83, a P/E/G ratio of 1.48 and a beta of 0.44. The company has a debt-to-equity ratio of 34.92, a current ratio of 1.62 and a quick ratio of 1.52.

Target Healthcare REIT Announces Dividend

The company also recently announced a dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a GBX 1.43 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a dividend yield of 1.84%. Target Healthcare REIT’s dividend payout ratio is currently 5,000.00%.

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.