Regional REIT (LON:RGL) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Regional REIT Limited (LON:RGL) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 89.81 and traded as low as GBX 88. Regional REIT shares last traded at GBX 88.30, with a volume of 281,111 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “house stock” rating on shares of Regional REIT in a research report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 140.

Regional REIT Price Performance

The company has a market capitalization of £144.91 million, a price-to-earnings ratio of -8.85 and a beta of 0.61. The company has a current ratio of 117.42, a quick ratio of 1.30 and a debt-to-equity ratio of 85.73. The company has a 50 day moving average price of GBX 89.81 and a 200 day moving average price of GBX 98.55.

Regional REIT (LON:RGL) last issued its quarterly earnings results on Tuesday, March 24th. The company reported GBX (10.10) earnings per share (EPS) for the quarter. Regional REIT had a negative net margin of 20.80% and a negative return on equity of 4.99%.

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.