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Target Healthcare REIT (LON:THRL) Stock Passes Below 50-Day Moving Average - Here's What Happened

Target Healthcare REIT logo with Real Estate background

Key Points

  • Target Healthcare REIT's share price fell below its fifty day moving average of GBX 97.63, trading as low as GBX 93.40 on Tuesday.
  • The company has a market capitalization of £583.02 million with a P/E ratio of 807.56 and a debt-to-equity ratio of 34.92.
  • Target Healthcare REIT aims to provide shareholders with income and capital growth from a diversified portfolio of modern UK care homes.
  • Five stocks to consider instead of Target Healthcare REIT.

Target Healthcare REIT (LON:THRL - Get Free Report)'s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 97.63 ($1.32) and traded as low as GBX 93.40 ($1.26). Target Healthcare REIT shares last traded at GBX 93.90 ($1.27), with a volume of 1,188,941 shares traded.

Target Healthcare REIT Price Performance

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 stock has a market capitalization of £585.50 million, a price-to-earnings ratio of 811.00, a P/E/G ratio of 1.48 and a beta of 0.44. The company has a 50-day moving average of GBX 97.27 and a 200-day moving average of GBX 97.50.

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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