What’s Propelling Target Healthcare REIT Ltd to Increase So Much?

 What's Propelling Target Healthcare REIT Ltd to Increase So Much?

The stock of Target Healthcare REIT Ltd (LON:THRL) is a huge mover today! The stock decreased 1.08% or GBX 1.2 on November 9, hitting GBX 110.05. About 1.38 million shares traded hands or 380.41% up from the average. Target Healthcare REIT Ltd (LON:THRL) has risen 10.53% since April 12, 2016 and is uptrending. It has outperformed by 5.75% the S&P500.
The move comes after 9 months positive chart setup for the GBX 261.86 million company. It was reported on Nov, 9 by Barchart.com. We have GBX 199.19 PT which if reached, will make LON:THRL worth GBX 212.11 million more.

Another recent and important Target Healthcare REIT Ltd (LON:THRL) news was published by Fool.Co.Uk which published an article titled: “5 REITs with yields up to 7.5%: Land Securities Group plc, Intu Properties plc …” on June 20, 2016.

Target Healthcare REIT Limited is a closed-ended property investment company. The company has a market cap of 261.86 million GBP. The Company’s investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified portfolio of freehold and long leasehold care homes that are let to care home operators, and other healthcare assets in the United Kingdom. It has a 14.98 P/E ratio. The Firm pursues its objective by investing in a portfolio of care homes, in the United Kingdom, that are let to care home operators on repairing and insuring leases.

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