Target Healthcare REIT (LSE:THRL) Dividend Payout Ratio: 0.68 (As of Dec. 2025) — 26% Below Median


LSE:THRL Target Healthcare REIT PLC LSE:THRL
32 GF Score
Price £1.08
GF Value £0.88
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Target Healthcare REIT Dividend Payout Ratio?

Target Healthcare REIT LSE:THRL +0.37% 32 Dividend Payout Ratio is 0.68 as of Dec. 2025, which is 26% below its 10-year median of 0.92. GuruFocus rates LSE:THRL with a GF Score™ of 32/100 and a GF Value™ of £0.88 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 716 REITs companies, Target Healthcare REIT ranks better than 75.98% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Target Healthcare REIT's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.68.

The historical rank and industry rank for Target Healthcare REIT's Dividend Payout Ratio or its related term are showing as below:

LSE:THRL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.7   Med: 0.92   Max: 1.21
Current: 0.7

During the past 12 years, the highest Dividend Payout Ratio of Target Healthcare REIT was 1.21. The lowest was 0.70. And the median was 0.92.

LSE:THRL's Dividend Payout Ratio is ranked better than
75.98% of 716 companies
in the REITs industry
Industry Median: 0.99 vs LSE:THRL: 0.70

As of today (2026-06-29), the Dividend Yield % of Target Healthcare REIT is 5.54%.

During the past 12 years, the highest Trailing Annual Dividend Yield of Target Healthcare REIT was 10.12%. The lowest was 5.15%. And the median was 5.86%.

Target Healthcare REIT's Dividends per Share for the months ended in Dec. 2025 was £0.03.

During the past 12 months, Target Healthcare REIT's average Dividends Per Share Growth Rate was 1.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -5.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -3.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -0.30% per year.

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of Target Healthcare REIT was 2.10% per year. The lowest was -5.20% per year. And the median was 1.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Target Healthcare REIT (LSE:THRL) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Target Healthcare REIT Dividend Payout Ratio Related Terms

Target Healthcare REIT Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Target Healthcare REIT's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Target Healthcare REIT Dividend Payout Ratio Chart

Target Healthcare REIT Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 0.93 0.86 0.76 0.74

Target Healthcare REIT Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.76 0.76 0.74 0.73 0.68

LSE:THRL vs WELL, VTR, DOC: Dividend Payout Ratio Comparison

For the REIT - Healthcare Facilities subindustry, Target Healthcare REIT's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Target Healthcare REIT Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Target Healthcare REIT's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Target Healthcare REIT's Dividend Payout Ratio falls into.


LSE:THRL
32GF Score
Target Healthcare REIT PLC LSE:THRL
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Target Healthcare REIT Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Target Healthcare REIT's Dividend Payout Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Jun. 2025 )/ EPS without NRI (A: Jun. 2025 )
=0.058/ 0.078
=0.74

Target Healthcare REIT's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0.03/ 0.044
=0.68

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.68 mean?
Target Healthcare REIT (LSE:THRL) has a Dividend Payout Ratio of 0.68 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Target Healthcare REIT and its competitors. This is 26% below median its historical median of 0.92. Over the past decade, Target Healthcare REIT's Dividend Payout Ratio has ranged from 0.70 to 1.21. According to the industry distribution chart, Target Healthcare REIT ranks #172 out of 716 companies in the REITs industry, placing it in the top 24%.
Is Target Healthcare REIT's Dividend Payout Ratio too high?
Target Healthcare REIT's current Dividend Payout Ratio of 0.68 is 26% below median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 1.21. The REITs industry median Dividend Payout Ratio is 0.99. Target Healthcare REIT's value of 0.68 is 31.3% below this industry median. Based on the distribution chart, Target Healthcare REIT ranks #172 out of 716 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Target Healthcare REIT has a GF Score™ of 32/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Target Healthcare REIT's Dividend Payout Ratio compare to WELL and VTR?
According to the REITs industry distribution chart, Target Healthcare REIT ranks #172 out of 716 companies for Dividend Payout Ratio. This places Target Healthcare REIT in the top 24% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.99. Target Healthcare REIT's value of 0.68 is 31.3% below this benchmark. Historically, Target Healthcare REIT's own Dividend Payout Ratio has ranged from 0.70 to 1.21 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.99, Target Healthcare REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 716 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Target Healthcare REIT's current Dividend Payout Ratio of 0.68 is 31.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Target Healthcare REIT and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Target Healthcare REIT's current Dividend Payout Ratio is 0.68, which is 26% below median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Target Healthcare REIT stock overvalued right now?
Based on GuruFocus' analysis, Target Healthcare REIT (LSE:THRL) is currently considered Modestly Overvalued. The stock's GF Value™ is £0.88, compared to a current price of £1.08 — trading 23% above its estimated fair value. The current Dividend Payout Ratio is 0.68, which is 26% below median its 10-year median of 0.92 and 31.3% below the REITs industry median of 0.99. Target Healthcare REIT's overall GF Score™ is 32/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Target Healthcare REIT (LSE:THRL), the current Dividend Payout Ratio is 0.68 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Target Healthcare REIT (LSE:THRL) Overvalued in 2026?

Based on GuruFocus' analysis, Target Healthcare REIT stock appears to be overvalued. The current stock price of £1.08 is trading 23% above its estimated GF Value™ of £0.88. GuruFocus considers Target Healthcare REIT to be Modestly Overvalued.

Key valuation signals for LSE:THRL:

  • Dividend Payout Ratio: 0.68 (26% below median its 10-year median of 0.92)
  • GF Value™: £0.88 vs. price of £1.08 (23% above fair value)
  • GF Score™: 32/100 with 7 warning signs
  • Industry Position: 31.3% below the REITs median (#172 of 716)

No single metric tells the full story. See the LSE:THRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Target Healthcare REIT Business Description

Industry Real EstateREITs
Address 69 Old Broad Street, Level 4, Dashwood House, London, GBR, EC2M 1QS
Target Healthcare REIT PLC is an investment company that acts as a long-term investor in care homes in the United Kingdom. The investment objective of the company is to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified portfolio of freehold and long-leasehold care homes, which are let to care home operators, and other healthcare assets in the United Kingdom.
32GF Score

Get the complete analysis for LSE:THRL

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£1.08
Price
£0.88
GF Value