Target Healthcare REIT (LON:THRL) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Target Healthcare REIT (LON:THRL) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 95.28 ($1.27) and traded as low as GBX 87.40 ($1.17). Target Healthcare REIT shares last traded at GBX 97.69 ($1.31), with a volume of 4,875,962 shares changing hands.

Target Healthcare REIT Stock Performance

The stock’s 50-day simple moving average is GBX 95.28 and its 200-day simple moving average is GBX 98.04. The stock has a market cap of £604.40 million, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 1.48 and a beta of 0.44. The company has a current ratio of 7.20, a quick ratio of 1.52 and a debt-to-equity ratio of 34.92.

Target Healthcare REIT (LON:THRL) last released its quarterly earnings results on Tuesday, October 14th. The company reported GBX 5.97 earnings per share for the quarter. Target Healthcare REIT had a net margin of 104.99% and a return on equity of 10.78%. Analysts forecast that Target Healthcare REIT will post 6.2219101 earnings per share 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.