Target Healthcare REIT (LON:THRL) Stock Passes Above 50 Day Moving Average – Here’s Why

Shares of Target Healthcare REIT (LON:THRLGet Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 83.57 ($1.06) and traded as high as GBX 85.80 ($1.09). Target Healthcare REIT shares last traded at GBX 85.16 ($1.08), with a volume of 789,765 shares changing hands.

Target Healthcare REIT Stock Performance

The business’s fifty day moving average is GBX 83.57 and its 200-day moving average is GBX 85.43. The company has a quick ratio of 1.52, a current ratio of 7.20 and a debt-to-equity ratio of 34.92. The company has a market cap of £522.13 million, a PE ratio of 7.15, a P/E/G ratio of 1.48 and a beta of 0.44.

Target Healthcare REIT Company Profile

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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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