Regional REIT (LON:RGL) Shares Cross Below 50 Day Moving Average – Here’s Why

Regional REIT Limited (LON:RGL) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 92.39 and traded as low as GBX 86.50. Regional REIT shares last traded at GBX 86.50, with a volume of 176,278 shares changing hands.

Analysts Set New Price Targets

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

Regional REIT Trading Up 0.3%

The stock has a market cap of £141.34 million, a price-to-earnings ratio of -12.46 and a beta of 0.69. The firm’s 50 day moving average is GBX 91.93 and its two-hundred day moving average is GBX 91.95. The company has a quick ratio of 1.30, a current ratio of 167.08 and a debt-to-equity ratio of 81.33.

Regional REIT (LON:RGL) last issued its earnings results on Tuesday, September 8th. The company reported GBX 4.20 EPS for the quarter. Regional REIT had a negative return on equity of 3.61% and a negative net margin of 15.53%.

Insider Activity

In related news, insider Massy Larizadeh purchased 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The shares were acquired at an average price of GBX 90 per share, with a total value of £8,100. Company insiders own 1.14% 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.