Target Healthcare REIT (LON:THRL) Announces Quarterly Earnings Results

Target Healthcare REIT (LON:THRL) posted its quarterly earnings results on Wednesday. The company reported GBX 13.32 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Target Healthcare REIT had a return on equity of 11.03% and a net margin of 114.60%.

Target Healthcare REIT Price Performance

Target Healthcare REIT stock remained flat at GBX 113 during mid-day trading on Friday. The company had a trading volume of 711,450 shares, compared to its average volume of 4,933,777. Target Healthcare REIT has a 12 month low of GBX 92 and a 12 month high of GBX 117. The firm’s 50-day simple moving average is GBX 112.21 and its 200-day simple moving average is GBX 107.92. The firm has a market capitalization of £700.87 million, a PE ratio of 8.99, a PEG ratio of 1.48 and a beta of 0.71.

Wall Street Analysts Forecast Growth

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, August 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 101.

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.