Target Healthcare REIT (LON:THRL) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Target Healthcare REIT (LON:THRL)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 88.71 ($1.12) and traded as low as GBX 82.40 ($1.04). Target Healthcare REIT shares last traded at GBX 83.80 ($1.06), with a volume of 886,349 shares traded.

Target Healthcare REIT Price Performance

The firm has a market capitalization of £522.85 million, a PE ratio of 698.33, a PEG ratio of 1.48 and a beta of 0.44. 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 50-day simple moving average of GBX 88.71 and a 200-day simple moving average of GBX 83.66.

Target Healthcare REIT Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be given a GBX 1.47 ($0.02) dividend. This represents a yield of 1.64%. This is a boost from Target Healthcare REIT’s previous dividend of $1.43. The ex-dividend date of this dividend is Thursday, November 14th. Target Healthcare REIT’s dividend payout ratio (DPR) is presently 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.