Regional REIT (LON:RGL) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Regional REIT Limited (LON:RGL – Get Free Report)’s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 92.39 and traded as low as GBX 86.50. Regional REIT shares last traded at GBX 86.50, with a volume of 176,278 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital Group restated a “house stock” rating on shares of Regional REIT in a report on Tuesday, September 8th.

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Regional REIT Stock Up 2.2%

The company has a market cap of £143.24 million, a price-to-earnings ratio of -12.62 and a beta of 0.69. The company has a current ratio of 167.08, a quick ratio of 1.30 and a debt-to-equity ratio of 81.33. The firm’s fifty day moving average price is GBX 92.39 and its 200-day moving average price is GBX 91.97.

Regional REIT (LON:RGL – Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The company reported GBX 4.20 EPS for the quarter. Regional REIT had a negative return on equity of 3.61% and a negative net margin of 15.53%.

Insider Activity

In other Regional REIT news, insider Massy Larizadeh purchased 9,000 shares of the stock in a transaction on Tuesday, September 29th. The stock was bought at an average cost of GBX 90 per share, for a total transaction of £8,100. 1.14% of the stock is owned by company insiders.

Regional REIT Company Profile

(Get Free Report)

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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