Target Healthcare REIT (LON:THRL) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of Target Healthcare REIT (LON:THRL) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 88.20 ($1.15) and traded as high as GBX 92 ($1.20). Target Healthcare REIT shares last traded at GBX 86.30 ($1.12), with a volume of 1,057,909 shares.

Target Healthcare REIT Stock Up 1.3 %

The firm has a 50-day moving average of GBX 88.20 and a two-hundred day moving average of GBX 83.13. The company has a current ratio of 1.62, a quick ratio of 1.52 and a debt-to-equity ratio of 34.92. The firm has a market capitalization of £542.15 million, a PE ratio of 719.17, a price-to-earnings-growth ratio of 1.48 and a beta of 0.44.

Target Healthcare REIT Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be paid a GBX 1.47 ($0.02) dividend. This is a positive change from Target Healthcare REIT’s previous dividend of $1.43. This represents a dividend yield of 1.64%. The ex-dividend date is Thursday, November 14th. Target Healthcare REIT’s payout ratio is currently 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.