Target Healthcare REIT (LON:THRL) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of Target Healthcare REIT (LON:THRL) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 95.42 and traded as high as GBX 97.70. Target Healthcare REIT shares last traded at GBX 97.60, with a volume of 3,440,905 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted their price target on Target Healthcare REIT from GBX 99 to GBX 101 and gave the company a “buy” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 101.

Target Healthcare REIT Stock Up 1.8%

The business’s 50 day moving average is GBX 95.42 and its 200 day moving average is GBX 97.49. The company has a quick ratio of 1.52, a current ratio of 7.20 and a debt-to-equity ratio of 34.92. The company has a market cap of £605.35 million, a P/E ratio of 9.95, a P/E/G ratio of 1.48 and a beta of 0.44.

Target Healthcare REIT (LON:THRL) last announced its quarterly earnings results on Tuesday, October 14th. The company reported GBX 5.97 earnings per share (EPS) for the quarter. Target Healthcare REIT had a return on equity of 10.78% and a net margin of 104.99%. As a group, equities analysts anticipate that Target Healthcare REIT will post 6.2219101 earnings per share for the current fiscal year.

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.