Target Healthcare REIT (LON:THRL) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Target Healthcare REIT (LON:THRL) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 87.11 ($1.13) and traded as high as GBX 89.60 ($1.16). Target Healthcare REIT shares last traded at GBX 89.32 ($1.16), with a volume of 373,476 shares.

Target Healthcare REIT Stock Up 0.4 %

The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 34.92. The business has a 50-day simple moving average of GBX 87.39 and a 200-day simple moving average of GBX 82.49. The company has a market cap of £555.74 million, a PE ratio of 746.67, a P/E/G ratio of 1.48 and a beta of 0.44.

Target Healthcare REIT Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given 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 (DPR) is 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.