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Target Healthcare REIT (LON:THRL) Shares Pass Above 50-Day Moving Average - Time to Sell?

Target Healthcare REIT logo with Real Estate background

Shares of Target Healthcare REIT (LON:THRL - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 97.68 ($1.33) and traded as high as GBX 102.40 ($1.39). Target Healthcare REIT shares last traded at GBX 101.60 ($1.38), with a volume of 732,638 shares changing hands.

Target Healthcare REIT Price Performance

The business's fifty day moving average price is GBX 98.25 and its two-hundred day moving average price is GBX 90.12. The company has a debt-to-equity ratio of 34.92, a quick ratio of 1.52 and a current ratio of 7.20. The firm has a market capitalization of £631.69 million, a P/E ratio of 8.65, a PEG ratio of 1.48 and a beta of 0.44.

Target Healthcare REIT (LON:THRL - Get Free Report) last announced its 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%. Equities analysts expect that Target Healthcare REIT will post 6.2219101 earnings per share for the current fiscal year.

Target Healthcare REIT Company Profile

(Get Free Report)

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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