Target Healthcare REIT (LON:THRL) Hits New 52-Week High at $89.70

Target Healthcare REIT (LON:THRL) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 89.70 ($1.18) and last traded at GBX 89.70 ($1.18), with a volume of 1006413 shares. The stock had previously closed at GBX 87.50 ($1.16).

Target Healthcare REIT Stock Performance

The firm has a market capitalization of £550.15 million, a P/E ratio of 985.56, a price-to-earnings-growth ratio of 1.48 and a beta of 0.42. The company’s 50 day moving average is GBX 83.02 and its 200-day moving average is GBX 80.89. The company has a quick ratio of 1.52, a current ratio of 1.43 and a debt-to-equity ratio of 37.57.

Target Healthcare REIT Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a GBX 1.43 ($0.02) dividend. This represents a dividend yield of 1.84%. The ex-dividend date was Thursday, August 15th. Target Healthcare REIT’s dividend payout ratio (DPR) is 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.