Shares of KCR Residential REIT (LON:KCR – Get Free Report) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 8.45 and traded as low as GBX 6.82. KCR Residential REIT shares last traded at GBX 7, with a volume of 36,548 shares trading hands.
KCR Residential REIT Stock Down 6.7%
The stock’s 50 day moving average is GBX 8.39 and its two-hundred day moving average is GBX 8.65. The company has a market capitalization of £2.92 million, a PE ratio of -6.03 and a beta of 0.32.
About KCR Residential REIT
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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