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 Tuesday . The stock has a 50 day moving average of GBX 83.49 ($1.04) and traded as high as GBX 85.80 ($1.07). Target Healthcare REIT shares last traded at GBX 85 ($1.06), with a volume of 1,244,543 shares changing hands.

Target Healthcare REIT Price Performance

The company has a debt-to-equity ratio of 34.92, a quick ratio of 1.52 and a current ratio of 1.62. The business has a 50-day simple moving average of GBX 83.49 and a 200 day simple moving average of GBX 85.09. The firm has a market cap of £529.68 million, a P/E ratio of 711.67, a price-to-earnings-growth ratio of 1.48 and a beta of 0.44.

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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