Target Healthcare REIT (LON:THRL) Issues Quarterly Earnings Results

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

Target Healthcare REIT Price Performance

Shares of Target Healthcare REIT stock opened at GBX 113.23 on Thursday. The firm’s 50-day moving average is GBX 112.24 and its two-hundred day moving average is GBX 107.81. Target Healthcare REIT has a 1 year low of GBX 92 and a 1 year high of GBX 117. The stock has a market cap of £702.27 million, a price-to-earnings ratio of 9.01, a PEG ratio of 1.48 and a beta of 0.71.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 101 price objective on shares of Target Healthcare REIT in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 101.

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.