KCR Residential REIT (LON:KCR – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as GBX 6 and last traded at GBX 6, with a volume of 250 shares trading hands. The stock had previously closed at GBX 7.
KCR Residential REIT Stock Down 14.3%
The company’s 50 day moving average price is GBX 8.24 and its 200-day moving average price is GBX 8.52. The stock has a market cap of £2.50 million, a P/E ratio of -5.17 and a beta of 0.32.
About KCR Residential REIT
KCR Residential REIT plc was admitted to AIM on the London Stock Exchange on 3 July 2015.
KCR’s objective is capitalise on its position as the first REIT specialising in residential property in the private rented sector (PRS) to build a substantial investment portfolio that generates secure income flow for shareholders through the acquisition of property SPVs. KCR intends to achieve this objective by acquiring, improving and managing residential property assets in areas in the UK that have potential for growth in rental and capital values.
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