Target Healthcare REIT (LON:THRL) Share Price Passes Below 50 Day Moving Average - Time to Sell?

Key Points

• Target Healthcare REIT's shares have fallen below their 50-day moving average of GBX 96.79, with the stock last trading at GBX 95 ($1.27).
• The company has a market capitalization of £589.23 million and a significantly high price-to-earnings ratio of 816.15.
• Target Healthcare REIT aims to provide shareholders with attractive income and growth from a portfolio of UK care homes, focusing on modern, purpose-built facilities.

Shares of Target Healthcare REIT (LON:THRL - ) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 96.79 ($1.30) and traded as low as GBX 94.20 ($1.26). Target Healthcare REIT shares last traded at GBX 95 ($1.27), with a volume of 564,787 shares.

Target Healthcare REIT Stock Up 0.6%

The stock has a market capitalization of £589.23 million, a price-to-earnings ratio of 816.15, a price-to-earnings-growth ratio of 1.48 and a beta of 0.44. 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 firm has a 50 day simple moving average of GBX 96.79 and a 200-day simple moving average of GBX 97.70.

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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