KCR Residential REIT (LON:KCR) Trading 22.1% Higher – Here’s What Happened

KCR Residential REIT (LON:KCRGet Free Report) shares rose 22.1% on Tuesday . The company traded as high as GBX 8.24 and last traded at GBX 8.24. Approximately 120,000 shares were traded during mid-day trading, an increase of 621% from the average daily volume of 16,634 shares. The stock had previously closed at GBX 6.75.

KCR Residential REIT Trading Up 22.1%

The company has a quick ratio of 6.14, a current ratio of 7.84 and a debt-to-equity ratio of 112.83. The firm has a market capitalization of £3.43 million, a P/E ratio of 10.43 and a beta of 0.18. The firm’s 50-day simple moving average is GBX 10.49 and its 200-day simple moving average is GBX 10.88.

KCR Residential REIT (LON:KCRGet Free Report) last released its quarterly earnings results on Thursday, October 23rd. The company reported GBX 0.79 earnings per share for the quarter. KCR Residential REIT had a negative return on equity of 9.29% and a negative net margin of 66.04%.

KCR Residential REIT Company Profile

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KCR Residential REIT plc was admitted to AIM on the London Stock Exchange on 3 July 2015.

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.

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