Regional REIT (LON:RGL) Shares Cross Below 50-Day Moving Average – Time to Sell?

Regional REIT Limited (LON:RGL)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 119.08 ($1.59) and traded as low as GBX 108.20 ($1.44). Regional REIT shares last traded at GBX 112.40 ($1.50), with a volume of 156,664 shares traded.

Analyst Ratings Changes

RGL has been the topic of a number of recent research reports. Shore Capital reaffirmed a “house stock” rating on shares of Regional REIT in a research report on Tuesday, September 9th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 140 target price on shares of Regional REIT in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 140.

Regional REIT Stock Performance

The firm has a market capitalization of £182.19 million, a P/E ratio of -22.04 and a beta of 0.90. The company has a current ratio of 0.67, a quick ratio of 1.30 and a debt-to-equity ratio of 153.74. The business’s 50 day simple moving average is GBX 119.08 and its two-hundred day simple moving average is GBX 118.65.

Regional REIT (LON:RGL) last issued its earnings results on Tuesday, September 9th. The company reported GBX (4.90) earnings per share (EPS) for the quarter. Regional REIT had a negative return on equity of 28.79% and a negative net margin of 89.90%.

Insider Activity

In other news, insider Stephen Inglis bought 40,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were purchased at an average price of GBX 124 per share, for a total transaction of £49,600. Corporate insiders own 1.10% 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.