Target Healthcare REIT (LON:THRL) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Target Healthcare REIT (LON:THRL) shares crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 112.13 and traded as high as GBX 115.80. Target Healthcare REIT shares last traded at GBX 114.60, with a volume of 1,270,746 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 124 target price on shares of Target Healthcare REIT in a report on Thursday, October 15th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 124.

Target Healthcare REIT Stock Performance

The stock has a market cap of £713.27 million, a PE ratio of 8.63, a PEG ratio of 1.48 and a beta of 0.71. The stock has a fifty day moving average price of GBX 112.20 and a 200 day moving average price of GBX 109.71.

Target Healthcare REIT (LON:THRL) last released its earnings results on Wednesday, September 23rd. The company reported GBX 13.32 EPS for the quarter. Target Healthcare REIT had a return on equity of 11.03% and a net margin of 114.60%. As a group, equities analysts anticipate that Target Healthcare REIT will post 6.22 earnings per share 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.