Target Healthcare REIT (LON:THRL) Hits New 1-Year High – Time to Buy?

Target Healthcare REIT (LON:THRL) shares hit a new 52-week high on Monday . The company traded as high as GBX 114.80 and last traded at GBX 114.60, with a volume of 18884 shares trading hands. The stock had previously closed at GBX 114.20.

Analyst Upgrades and Downgrades

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

Target Healthcare REIT Price Performance

The business has a 50 day simple moving average of GBX 107.73 and a 200 day simple moving average of GBX 104.96. The company has a market capitalization of £708.62 million, a price-to-earnings ratio of 9.09, a PEG ratio of 1.48 and a beta of 0.54.

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.