Target Healthcare REIT (LON:THRL) Reaches New 12-Month High - What's Next?

Key Points

• 52-week high: Target Healthcare REIT hit a new 52-week high of GBX 108.80 (last traded GBX 108.60) on volume 1,231,975 and is trading above its 50‑day (GBX 103.29) and 200‑day (GBX 100.52) moving averages.
• Analyst view: Jefferies reiterated a Hold rating with a GBX 101 target, and the MarketBeat consensus is also a Hold with an average price target of GBX 101 — below the current share price.
• Fundamentals: Market cap £674.82m, P/E 8.66, PEG 1.48 and beta 0.69; the company reported quarterly EPS of GBX 3.38 with a net margin of 104.45% and ROE of 10.73%.

Target Healthcare REIT (LON:THRL - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 108.80 and last traded at GBX 108.60, with a volume of 1231975 shares. The stock had previously closed at GBX 108.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a "hold" rating and set a GBX 101 target price on shares of Target Healthcare REIT in a report on Wednesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of GBX 101.

Target Healthcare REIT Stock Performance

The stock's fifty day moving average price is GBX 103.29 and its 200-day moving average price is GBX 100.52. The company has a market capitalization of £674.82 million, a P/E ratio of 8.66, a PEG ratio of 1.48 and a beta of 0.69.

Target Healthcare REIT (LON:THRL - Get Free Report) last issued its earnings results on Wednesday, March 18th. The company reported GBX 3.38 earnings per share (EPS) for the quarter. Target Healthcare REIT had a net margin of 104.45% and a return on equity of 10.73%. On average, research analysts predict that Target Healthcare REIT will post 6.2219101 EPS 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.

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