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

Target Healthcare REIT logo with Real Estate background

Target Healthcare REIT (LON:THRL - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 101.10 ($1.36) and traded as low as GBX 98.44 ($1.32). Target Healthcare REIT shares last traded at GBX 99.70 ($1.34), with a volume of 1,302,178 shares trading hands.

Target Healthcare REIT Stock Down 1.0%

The company has a market capitalization of £604.15 million, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 1.48 and a beta of 0.44. The company has a 50-day moving average of GBX 101.05 and a two-hundred day moving average of GBX 93.21. The company has a quick ratio of 1.52, a current ratio of 7.20 and a debt-to-equity ratio of 34.92.

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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