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

Target Healthcare REIT (LON:THRL)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 104.93 and traded as low as GBX 104.39. Target Healthcare REIT shares last traded at GBX 104.60, with a volume of 821,782 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 101 target price on shares of Target Healthcare REIT in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 101.

Target Healthcare REIT Trading Up 0.6%

The stock has a market cap of £652.49 million, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 1.48 and a beta of 0.69. The business has a 50 day simple moving average of GBX 104.93 and a two-hundred day simple moving average of GBX 102.16.

Target Healthcare REIT (LON:THRL) last issued its earnings results on Wednesday, March 18th. The company reported GBX 3.38 EPS for the quarter. Target Healthcare REIT had a return on equity of 10.73% and a net margin of 104.45%. Research analysts anticipate that Target Healthcare REIT will post 6.2219101 EPS for the current fiscal year.

About Target Healthcare REIT

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.