Target Healthcare REIT (LON:THRL) Hits New 52-Week High – Here’s Why

Shares of Target Healthcare REIT (LON:THRL) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 110.40 and last traded at GBX 108.40, with a volume of 610750 shares. The stock had previously closed at GBX 109.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “hold” rating and issued a GBX 101 target price on shares of Target Healthcare REIT in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Target Healthcare REIT currently has a consensus rating of “Hold” and a consensus target price of GBX 101.

Target Healthcare REIT Stock Performance

The company has a market cap of £676.06 million, a PE ratio of 8.67, a PEG ratio of 1.48 and a beta of 0.69. The business’s 50 day moving average is GBX 104.31 and its two-hundred day moving average is GBX 101.75.

Target Healthcare REIT (LON:THRL) last posted its earnings results on Wednesday, March 18th. The company reported GBX 3.38 earnings per share for the quarter. Target Healthcare REIT had a net margin of 104.45% and a return on equity of 10.73%. As a group, equities research analysts predict that Target Healthcare REIT will post 6.2219101 EPS for the current fiscal 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.