Regional REIT Limited (LON:RGL – Get Free Report) crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 91.09 and traded as low as GBX 86.91. Regional REIT shares last traded at GBX 87.80, with a volume of 633,621 shares.
Analysts Set New Price Targets
Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Regional REIT in a report on Tuesday, September 8th.
View Our Latest Stock Report on RGL
Regional REIT Stock Performance
The stock’s 50-day moving average price is GBX 90.88 and its 200-day moving average price is GBX 91.96. The company has a market cap of £145.88 million, a P/E ratio of -12.86 and a beta of 0.69. The company has a debt-to-equity ratio of 81.33, a current ratio of 167.08 and a quick ratio of 1.30.
Regional REIT (LON:RGL – Get Free Report) last released its quarterly earnings results on Tuesday, September 8th. The company reported GBX 4.20 EPS for the quarter. Regional REIT had a negative net margin of 15.53% and a negative return on equity of 3.61%.
Insider Activity
In other Regional REIT news, insider Massy Larizadeh bought 9,000 shares of the firm’s stock in a transaction on Tuesday, September 29th. The shares were purchased at an average price of GBX 90 per share, for a total transaction of £8,100. 1.14% of the stock is currently owned by insiders.
About Regional REIT
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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