Target Healthcare REIT (LON:THRL) Shares Cross Above 50-Day Moving Average – Time to Sell?

Target Healthcare REIT (LON:THRL) shares passed 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 changing hands.

Wall Street Analyst Weigh In

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

Target Healthcare REIT Stock Up 0.3%

The company has a market capitalization of £713.27 million, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 1.48 and a beta of 0.71. The business has a fifty day moving average price of GBX 112.13 and a 200 day moving average price of GBX 109.68.

Target Healthcare REIT (LON:THRL) last posted its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 13.32 earnings per share 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 forecast that Target Healthcare REIT will post 6.22 earnings per share for the current 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.