Target Healthcare REIT (LON:THRL) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Target Healthcare REIT (LON:THRLGet Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Target Healthcare REIT Stock Down 1.9 %

The company has a market cap of £521.62 million, a PE ratio of 700.83, a P/E/G ratio of 1.48 and a beta of 0.44. 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 50-day simple moving average of GBX 83.80 and a two-hundred day simple moving average of GBX 85.31.

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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