Regional REIT (LON:RGL) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Shares of Regional REIT Limited (LON:RGL) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 113.11 and traded as low as GBX 101. Regional REIT shares last traded at GBX 101.20, with a volume of 426,988 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Peel Hunt restated a “buy” rating and issued a GBX 140 target price on shares of Regional REIT in a report on Thursday, September 18th. Shore Capital restated a “house stock” rating on shares of Regional REIT in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 140.

Regional REIT Trading Down 0.8%

The company has a debt-to-equity ratio of 153.74, a current ratio of 0.67 and a quick ratio of 1.30. The firm has a fifty day simple moving average of GBX 113.11 and a two-hundred day simple moving average of GBX 118.19. The firm has a market capitalization of £162.74 million, a P/E ratio of -19.69 and a beta of 0.90.

Regional REIT (LON:RGL) last issued its earnings results on Tuesday, September 9th. The company reported GBX (4.90) earnings per share for the quarter. Regional REIT had a negative return on equity of 28.79% and a negative net margin of 89.90%.

Insider Activity

In other Regional REIT news, insider Stephen Inglis purchased 40,000 shares of the stock in a transaction on Thursday, September 11th. The shares were purchased at an average price of GBX 124 per share, with a total value of £49,600. Company insiders own 1.10% of the company’s stock.

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.