Regional REIT (LON:RGL) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Regional REIT Limited (LON:RGL)’s share price crossed 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 reissued a “house stock” rating on shares of Regional REIT in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Regional REIT presently has an average rating of “Buy” and a consensus price target of GBX 140.

Regional REIT Price Performance

The company has a market cap of £145.88 million, a PE ratio of -8.91 and a beta of 0.61. The company has a debt-to-equity ratio of 85.73, a quick ratio of 1.30 and a current ratio of 117.42. The stock has a 50 day moving average of GBX 89.66 and a 200-day moving average of GBX 98.49.

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

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.