Regional REIT (LON:RGL) Announces Quarterly Earnings Results

Regional REIT (LON:RGL) posted its quarterly earnings data on Tuesday. The company reported GBX 4.20 earnings per share (EPS) 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

LON:RGL remained flat at GBX 95 on Wednesday. 269,797 shares of the company’s stock traded hands, compared to its average volume of 556,674. 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 firm has a market cap of £153.98 million, a PE ratio of -9.41 and a beta of 0.69. The firm’s 50-day simple moving average is GBX 96.14 and its two-hundred day simple moving average is GBX 93.54. Regional REIT has a 52-week low of GBX 84.80 and a 52-week high of GBX 126.80.

Analyst Ratings Changes

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

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.