Regional REIT Limited (LON:RGL – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 94.31 and traded as high as GBX 100. Regional REIT shares last traded at GBX 98, with a volume of 163,023 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Shore Capital Group reiterated a “house stock” rating on shares of Regional REIT in a research note on Thursday, June 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Regional REIT currently has an average rating of “Buy” and an average price target of GBX 140.
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Regional REIT Trading Down 1.0%
Regional REIT Company Profile
Regional REIT Limited is a UK based real estate investment trust, focused on building a large geographically diverse portfolio of income producing regional properties outside of the M25 motorway.
Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core property and core plus property assets. It aims to deliver an attractive total return to its shareholders, with a strong focus on income supported by additional capital growth prospects.
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