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

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 88.87 and traded as low as GBX 87.50. Regional REIT shares last traded at GBX 87.50, with a volume of 106,416 shares trading hands.

Wall Street Analyst Weigh In

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

Regional REIT Trading Down 0.2%

The business has a fifty day moving average price of GBX 88.60 and a 200 day moving average price of GBX 93.25. 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 has a market cap of £140.37 million, a PE ratio of -12.37 and a beta of 0.71.

Regional REIT (LON:RGL) last announced its quarterly earnings results on Tuesday, September 8th. The company reported GBX 4.20 earnings per share 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 related news, insider Massy Larizadeh purchased 9,000 shares of the business’s stock in a transaction dated Tuesday, September 29th. The stock was acquired at an average price of GBX 90 per share, for a total transaction of £8,100. Insiders own 1.18% 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. It aims to deliver an attractive total return to its shareholders, with a strong focus on income supported by additional capital growth prospects.