Target Healthcare REIT (LON:THRL) Issues Earnings Results

Target Healthcare REIT (LON:THRL) released its quarterly earnings data on Wednesday. The company reported GBX 13.32 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Target Healthcare REIT had a net margin of 114.60% and a return on equity of 11.03%.

Target Healthcare REIT Stock Up 0.2%

Shares of THRL stock traded up GBX 0.23 on Thursday, hitting GBX 113.23. The stock had a trading volume of 340,523 shares, compared to its average volume of 4,954,987. Target Healthcare REIT has a one year low of GBX 92 and a one year high of GBX 117. The business has a 50 day moving average price of GBX 112.24 and a 200 day moving average price of GBX 107.81. The company has a market cap of £702.27 million, a PE ratio of 9.01, a P/E/G ratio of 1.48 and a beta of 0.71.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 101 price target on shares of Target Healthcare REIT in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 101.

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.