Target Healthcare REIT (LON:THRL) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Target Healthcare REIT (LON:THRL)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 95.49 and traded as high as GBX 97.90. Target Healthcare REIT shares last traded at GBX 97, with a volume of 1,496,986 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their price objective on shares of Target Healthcare REIT from GBX 99 to GBX 101 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Target Healthcare REIT presently has a consensus rating of “Buy” and an average target price of GBX 101.

Target Healthcare REIT Price Performance

The company has a debt-to-equity ratio of 34.92, a current ratio of 7.20 and a quick ratio of 1.52. The company has a 50 day moving average price of GBX 95.49 and a 200 day moving average price of GBX 97.74. The firm has a market cap of £581.78 million, a PE ratio of 9.56, a PEG ratio of 1.48 and a beta of 0.44.

Target Healthcare REIT (LON:THRL) last announced its quarterly earnings data on Tuesday, October 14th. The company reported GBX 5.97 earnings per share (EPS) for the quarter. Target Healthcare REIT had a net margin of 104.99% and a return on equity of 10.78%. Sell-side analysts expect 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.