Target Healthcare REIT (LON:THRL) Stock Passes Above 50 Day Moving Average – Here’s Why

Target Healthcare REIT (LON:THRLGet Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 83.57 ($1.06) and traded as high as GBX 85.80 ($1.08). Target Healthcare REIT shares last traded at GBX 85.16 ($1.08), with a volume of 789,765 shares traded.

Target Healthcare REIT Price Performance

The company has a 50 day moving average of GBX 83.55 and a 200-day moving average of GBX 85.43. The stock has a market capitalization of £520.29 million, a P/E ratio of 7.12, a PEG ratio of 1.48 and a beta of 0.44. 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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