Target Healthcare REIT (LON:THRL) Shares Down 1.1% – Time to Sell?

Target Healthcare REIT (LON:THRL)’s stock price dropped 1.1% during mid-day trading on Friday . The stock traded as low as GBX 86 ($1.09) and last traded at GBX 86 ($1.09). Approximately 965,859 shares changed hands during trading, a decline of 15% from the average daily volume of 1,141,486 shares. The stock had previously closed at GBX 87 ($1.10).

Target Healthcare REIT Stock Performance

The business has a 50-day simple moving average of GBX 87.12 and a 200 day simple moving average of GBX 84.23. The company has a debt-to-equity ratio of 34.92, a current ratio of 1.62 and a quick ratio of 1.52. The firm has a market cap of £533.41 million, a PE ratio of 716.67, a PEG ratio of 1.48 and a beta of 0.44.

Target Healthcare REIT Increases Dividend

The company also recently declared a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a dividend of GBX 1.47 ($0.02) per share. The ex-dividend date was Thursday, November 14th. This represents a yield of 1.64%. This is an increase from Target Healthcare REIT’s previous dividend of $1.43. 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.