Target Healthcare REIT (LON:THRL) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Target Healthcare REIT (LON:THRL) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 104.93 and traded as low as GBX 104.39. Target Healthcare REIT shares last traded at GBX 104.60, with a volume of 821,782 shares traded.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “hold” rating and set 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 101.

Target Healthcare REIT Stock Performance

The firm has a 50 day simple moving average of GBX 105.01 and a two-hundred day simple moving average of GBX 102.18. The firm has a market capitalization of £645.05 million, a P/E ratio of 8.27, a PEG ratio of 1.48 and a beta of 0.69.

Target Healthcare REIT (LON:THRL) last announced its quarterly earnings data 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%. Sell-side analysts anticipate that Target Healthcare REIT will post 6.2219101 earnings per share for the current 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.