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

Target Healthcare REIT (LON:THRL) announced its earnings results 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 Price Performance

THRL stock remained flat at GBX 113 during midday trading on Friday. 711,450 shares of the company’s stock were exchanged, compared to its average volume of 4,933,777. The company has a market cap of £700.87 million, a P/E ratio of 8.99, a P/E/G ratio of 1.48 and a beta of 0.71. Target Healthcare REIT has a 1 year low of GBX 92 and a 1 year high of GBX 117. The stock’s fifty day simple moving average is GBX 112.23 and its 200-day simple moving average is GBX 107.89.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued 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 stock presently has an average rating of “Hold” and an average target price 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.