Target Healthcare REIT (LON:THRL) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Target Healthcare REIT (LON:THRL) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 103.61 and traded as high as GBX 108. Target Healthcare REIT shares last traded at GBX 107.40, with a volume of 13,346,642 shares trading hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 101 price objective on shares of Target Healthcare REIT in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 101.

Target Healthcare REIT Stock Performance

The firm has a market capitalization of £655.21 million, a P/E ratio of 8.40, a PEG ratio of 1.48 and a beta of 0.53. The firm has a 50-day moving average of GBX 103.61 and a 200-day moving average of GBX 101.26.

Target Healthcare REIT (LON:THRL) last released its quarterly earnings data on Wednesday, March 18th. The company reported GBX 3.38 earnings per share (EPS) for the quarter. Target Healthcare REIT had a return on equity of 10.73% and a net margin of 104.45%. On average, research analysts forecast that Target Healthcare REIT will post 6.2219101 EPS for the current fiscal year.

Target Healthcare REIT Company Profile

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.