KCR Residential REIT (LON:KCR – Get Free Report)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 8.27 and traded as low as GBX 7.20. KCR Residential REIT shares last traded at GBX 7.20, with a volume of 23,000 shares trading hands.
KCR Residential REIT Price Performance
The firm has a market cap of £3.58 million, a price-to-earnings ratio of -7.41 and a beta of 0.32. The company’s 50-day moving average price is GBX 8.27 and its 200-day moving average price is GBX 9.34.
KCR Residential REIT Company Profile
KCR’s objective is capitalise on its position as the first REIT specialising in residential property in the private rented sector (PRS) to build a substantial investment portfolio that generates secure income flow for shareholders through the acquisition of property SPVs. KCR intends to achieve this objective by acquiring, improving and managing residential property assets in areas in the UK that have potential for growth in rental and capital values.
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