Regional REIT (LON:RGL) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Regional REIT Limited (LON:RGL) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 103.81 and traded as low as GBX 99.90. Regional REIT shares last traded at GBX 101.40, with a volume of 487,826 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of Regional REIT in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 140.

Regional REIT Price Performance

The company has a debt-to-equity ratio of 153.74, a quick ratio of 1.30 and a current ratio of 0.67. The stock’s 50-day moving average is GBX 103.82 and its two-hundred day moving average is GBX 112.84. The stock has a market cap of £165.98 million, a PE ratio of -20.08 and a beta of 0.90.

Insider Transactions at Regional REIT

In other Regional REIT news, insider Stephen Inglis bought 50,000 shares of the stock in a transaction dated Friday, November 21st. The shares were acquired at an average cost of GBX 101 per share, for a total transaction of £50,500. 1.13% of the stock is owned by corporate insiders.

About Regional REIT

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.