Regional REIT (LON:RGL) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Regional REIT Limited (LON:RGL)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 123.21 ($1.53) and traded as low as GBX 113.57 ($1.41). Regional REIT shares last traded at GBX 115.20 ($1.43), with a volume of 517,270 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “hold” rating on shares of Regional REIT in a report on Monday, October 28th.

Regional REIT Stock Performance

The firm has a market cap of £189.32 million, a P/E ratio of -140.72 and a beta of 0.90. The company has a debt-to-equity ratio of 139.50, a quick ratio of 1.30 and a current ratio of 0.68. The stock’s 50-day moving average is GBX 122.97 and its 200 day moving average is GBX 102.60.

Regional REIT Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 21st will be given a dividend of GBX 2.20 ($0.03) per share. This represents a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, November 21st. Regional REIT’s dividend payout ratio is currently -3,614.46%.

About Regional REIT

Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and ARA Europe Private Markets Limited, the Investment Adviser.