Target Healthcare REIT (LON:THRL) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Target Healthcare REIT (LON:THRL) shares crossed 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 trading hands.

Target Healthcare REIT Trading Up 0.1 %

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 business has a 50 day simple moving average of GBX 84.08 and a two-hundred day simple moving average of GBX 84.87. The stock has a market cap of £517.90 million, a price-to-earnings ratio of 695.83, a price-to-earnings-growth ratio of 1.48 and a beta of 0.44.

Target Healthcare REIT Increases Dividend

The business also recently declared 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 was Thursday, November 14th. This represents a dividend yield of 1.64%. This is an increase from Target Healthcare REIT’s previous dividend of $1.43. Target Healthcare REIT’s dividend payout ratio (DPR) 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.