Regional REIT (LON:RGL) Announces Quarterly Earnings Results

Regional REIT (LON:RGL) issued its quarterly earnings results on Tuesday. The company reported GBX 4.20 earnings per share for the quarter, Digital Look Earnings reports. Regional REIT had a negative net margin of 20.80% and a negative return on equity of 4.99%.

Regional REIT Stock Performance

Shares of LON:RGL remained flat at GBX 95 on Wednesday. The stock had a trading volume of 269,797 shares, compared to its average volume of 556,674. The firm has a market capitalization of £153.98 million, a P/E ratio of -9.41 and a beta of 0.69. The company has a quick ratio of 1.30, a current ratio of 117.42 and a debt-to-equity ratio of 85.73. Regional REIT has a 12 month low of GBX 84.80 and a 12 month high of GBX 126.80. The company’s 50 day moving average price is GBX 96.14 and its 200-day moving average price is GBX 93.54.

Analysts Set New Price Targets

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

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.