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

Target Healthcare REIT (LON:THRL)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 87.54 ($1.14) and traded as high as GBX 94.30 ($1.22). Target Healthcare REIT shares last traded at GBX 92.10 ($1.20), with a volume of 1,511,911 shares changing hands.

Target Healthcare REIT Price Performance

The company has a debt-to-equity ratio of 34.92, a current ratio of 7.20 and a quick ratio of 1.52. The business’s fifty day moving average price is GBX 87.54 and its 200-day moving average price is GBX 86.70. The stock has a market capitalization of £564.36 million, a price-to-earnings ratio of 7.73, a PEG ratio of 1.48 and a beta of 0.44.

Target Healthcare REIT (LON:THRL) last announced its quarterly earnings results on Friday, March 14th. The company reported GBX 3.06 ($0.04) earnings per share for the quarter. Target Healthcare REIT had a net margin of 104.99% and a return on equity of 10.78%. On average, research analysts forecast that Target Healthcare REIT will post 6.2219101 EPS for the current 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.