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

Regional REIT Limited (LON:RGL) passed below its fifty day moving average during trading on Wednesday. The stock has a fifty 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 changing hands.

Analysts Set New Price Targets

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

Regional REIT Price Performance

The stock has a market capitalization of £142.63 million, a P/E ratio of -12.57 and a beta of 0.71. The company has a debt-to-equity ratio of 81.33, a current ratio of 167.08 and a quick ratio of 1.30. The company’s 50 day simple moving average is GBX 88.87 and its two-hundred day simple moving average is GBX 93.39.

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

Insider Buying and Selling

In other Regional REIT news, insider Massy Larizadeh bought 9,000 shares of Regional REIT stock in a transaction on Tuesday, September 29th. The shares were purchased at an average cost 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.