Target Healthcare REIT (LON:THRL) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Target Healthcare REIT (LON:THRL) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 104.03 and traded as high as GBX 105. Target Healthcare REIT shares last traded at GBX 99.70, with a volume of 12,694,726 shares trading hands.

Target Healthcare REIT Stock Down 1.5%

The company has a market cap of £610.93 million, a P/E ratio of 10.04, a PEG ratio of 1.48 and a beta of 0.68. The firm’s 50 day moving average is GBX 103.85 and its two-hundred day moving average is GBX 98.80.

Target Healthcare REIT (LON:THRL) last announced its 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%. As a group, research analysts forecast that Target Healthcare REIT will post 6.2219101 EPS for the current fiscal year.

About Target Healthcare REIT

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.