KCR Residential REIT (LON:KCR) Shares Down 13.8% – What’s Next?

Shares of KCR Residential REIT (LON:KCR) fell 13.8% during mid-day trading on Wednesday . The stock traded as low as GBX 7.20 and last traded at GBX 7.20. Approximately 1,150 shares traded hands during trading, a decline of 50% from the average daily volume of 2,297 shares. The stock had previously closed at GBX 8.35.

KCR Residential REIT Stock Performance

The company has a debt-to-equity ratio of 112.83, a current ratio of 7.84 and a quick ratio of 6.14. The company has a market cap of £3.00 million, a PE ratio of 9.11 and a beta of 0.18. The business has a fifty day simple moving average of GBX 8.36 and a two-hundred day simple moving average of GBX 10.55.

KCR Residential REIT (LON:KCR) last announced its quarterly earnings results on Thursday, October 23rd. The company reported GBX 0.79 earnings per share (EPS) for the quarter. KCR Residential REIT had a negative return on equity of 9.29% and a negative net margin of 66.04%.

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.