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Target Healthcare REIT (LON:THRL) Share Price Passes Above Fifty Day Moving Average - Here's Why

Target Healthcare REIT logo with Real Estate background

Target Healthcare REIT (LON:THRL - Get Free Report) shares passed 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 traded.

Target Healthcare REIT Stock Performance

The stock has a market capitalization of £631.69 million, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 1.48 and a beta of 0.44. The company has a current ratio of 7.20, a quick ratio of 1.52 and a debt-to-equity ratio of 34.92. The company has a 50-day moving average price of GBX 98.48 and a 200 day moving average price of GBX 90.30.

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 (EPS) for the quarter. Target Healthcare REIT had a return on equity of 10.78% and a net margin of 104.99%. On average, research analysts forecast that Target Healthcare REIT will post 6.2219101 earnings per share for the current fiscal year.

About Target Healthcare REIT

(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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