Target Healthcare REIT (LON:THRL) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Target Healthcare REIT (LON:THRL)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 84.53 ($1.06) and traded as low as GBX 82.20 ($1.03). Target Healthcare REIT shares last traded at GBX 83.50 ($1.05), with a volume of 272,327 shares trading hands.

Target Healthcare REIT Price Performance

The stock has a market cap of £517.90 million, a price-to-earnings ratio of 695.83, a P/E/G ratio of 1.48 and a beta of 0.44. 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 company’s fifty day moving average is GBX 86.27 and its two-hundred day moving average is GBX 84.57.

Target Healthcare REIT Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a dividend of GBX 1.47 ($0.02) per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a dividend yield of 1.64%. This is a positive change from Target Healthcare REIT’s previous dividend of $1.43. Target Healthcare REIT’s dividend 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.