Regional REIT (LON:RGL) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Regional REIT Limited (LON:RGL) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 93.40 and traded as high as GBX 98. Regional REIT shares last traded at GBX 97, with a volume of 122,326 shares traded.

Analyst Ratings Changes

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Regional REIT in a report on Thursday, June 18th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 140.

Regional REIT Trading Up 1.0%

The company’s 50 day simple moving average is GBX 93.40 and its two-hundred day simple moving average is GBX 95.33. The company has a quick ratio of 1.30, a current ratio of 117.42 and a debt-to-equity ratio of 85.73. The company has a market capitalization of £158.85 million, a price-to-earnings ratio of -9.70 and a beta of 0.61.

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.