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

Target Healthcare REIT (LON:THRLGet Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 83.80 ($1.04) and traded as high as GBX 87.70 ($1.09). Target Healthcare REIT shares last traded at GBX 85.70 ($1.07), with a volume of 1,172,506 shares trading hands.

Target Healthcare REIT Trading Down 1.9 %

The company’s 50 day moving average price is GBX 83.80 and its 200 day moving average price is GBX 85.31. The company has a debt-to-equity ratio of 34.92, a current ratio of 1.62 and a quick ratio of 1.52. The firm has a market cap of £521.62 million, a PE ratio of 700.83, 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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