Target Healthcare REIT (LON:THRL) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Target Healthcare REIT (LON:THRL) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 84.87 ($1.03) and traded as low as GBX 81 ($0.99). Target Healthcare REIT shares last traded at GBX 83.50 ($1.02), with a volume of 1,061,134 shares traded.

Target Healthcare REIT Stock Up 0.1 %

The firm has a fifty day simple moving average of GBX 84.08 and a 200 day simple moving average of GBX 84.91. The company has a debt-to-equity ratio of 34.92, a quick ratio of 1.52 and a current ratio of 1.62. The company has a market cap of £517.90 million, a PE ratio of 695.83, a PEG ratio of 1.48 and a beta of 0.44.

Target Healthcare REIT Increases Dividend

The business also recently announced a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a GBX 1.47 ($0.02) dividend. This represents a yield of 1.64%. This is an increase from Target Healthcare REIT’s previous dividend of $1.43. The ex-dividend date of this dividend was Thursday, November 14th. Target Healthcare REIT’s payout ratio is presently 5,000.00%.

About Target Healthcare REIT

Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.