Target Healthcare REIT (LON:THRL) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• Target Healthcare REIT shares crossed above their 50‑day moving average (GBX 103.41), trading as high as GBX 107.40 and last at GBX 104.40 on volume of 1,241,406 shares.
• The stock was modestly down 0.6% and the company has a market cap of £643.82m with valuation metrics of P/E 8.26, PEG 1.48, beta 0.69 and a 200‑day moving average of GBX 100.22.
• Latest quarterly EPS was GBX 3.38 with a return on equity of 10.73% and an unusual net margin of 104.45%; analysts expect about GBX 6.22 EPS for the current year, and the REIT focuses on modern UK care homes for income and capital growth.

Target Healthcare REIT (LON:THRL - Get Free Report)'s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 103.41 and traded as high as GBX 107.40. Target Healthcare REIT shares last traded at GBX 104.40, with a volume of 1,241,406 shares traded.

Target Healthcare REIT Stock Down 0.6%

The stock has a market capitalization of £643.82 million, a PE ratio of 8.26, a price-to-earnings-growth ratio of 1.48 and a beta of 0.69. The stock has a fifty day moving average of GBX 103.41 and a 200-day moving average of GBX 100.22.

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

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.

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