Target Healthcare REIT (LON:THRL) Stock Price Crosses Above Fifty Day Moving Average - Here's Why

Target Healthcare REIT logo with Real Estate background

Shares of Target Healthcare REIT (LON:THRL - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

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 stock has a market cap of £550.77 million, a price-to-earnings ratio of 740.00, a price-to-earnings-growth ratio of 1.48 and a beta of 0.44. The business's fifty day simple moving average is GBX 83.61 and its 200 day simple moving average is GBX 85.14.

Target Healthcare REIT Company Profile

(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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