Regional REIT (LON:RGL) Issues Quarterly Earnings Results

Regional REIT (LON:RGL) issued its quarterly earnings results 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

Regional REIT stock traded up GBX 0.40 during mid-day trading on Wednesday, hitting GBX 95.40. 172,483 shares of the company’s stock traded hands, compared to its average volume of 556,111. The stock has a market cap of £154.63 million, a price-to-earnings ratio of -9.45 and a beta of 0.69. The firm has a 50 day simple moving average of GBX 96.14 and a two-hundred day simple moving average of GBX 93.54. Regional REIT has a fifty-two week low of GBX 84.80 and a fifty-two week high of GBX 126.80. The company has a debt-to-equity ratio of 85.73, a current ratio of 117.42 and a quick ratio of 1.30.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Regional REIT in a research note on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus 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.