Target Healthcare REIT (LON:THRL) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Shares of Target Healthcare REIT (LON:THRL - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 87.54 ($1.11) and traded as high as GBX 94.30 ($1.20). Target Healthcare REIT shares last traded at GBX 92.10 ($1.17), with a volume of 1,511,911 shares trading hands.

Target Healthcare REIT Trading Down 3.3 %

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 50-day moving average price of GBX 88.09 and a 200-day moving average price of GBX 86.70. The company has a market capitalization of £531.92 million, a price-to-earnings ratio of 7.28, a P/E/G ratio of 1.48 and a beta of 0.44.

Target Healthcare REIT (LON:THRL - Get Free Report) last released its earnings results on Friday, March 14th. The company reported GBX 3.06 ($0.04) earnings per share (EPS) for the quarter. Target Healthcare REIT had a return on equity of 10.78% and a net margin of 104.99%. Research analysts predict that Target Healthcare REIT will post 6.2219101 EPS for the current fiscal year.

Target Healthcare REIT Company Profile

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.