Regional REIT (LON:RGL) Stock Passes Below Fifty Day Moving Average – Here’s Why

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 109.84 and traded as low as GBX 105.20. Regional REIT shares last traded at GBX 106.60, with a volume of 326,928 shares trading hands.

Analyst Ratings Changes

RGL has been the topic of a number of recent analyst reports. Peel Hunt reiterated a “buy” rating and issued a GBX 140 price objective on shares of Regional REIT in a research note on Thursday, September 18th. Shore Capital reaffirmed a “house stock” rating on shares of Regional REIT in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Regional REIT presently has an average rating of “Buy” and an average price target of GBX 140.

Regional REIT Stock Up 1.3%

The firm’s 50-day simple moving average is GBX 109.84 and its 200-day simple moving average is GBX 117.19. The company has a debt-to-equity ratio of 153.74, a quick ratio of 1.30 and a current ratio of 0.67. The company has a market capitalization of £174.98 million, a price-to-earnings ratio of -21.17 and a beta of 0.90.

Regional REIT (LON:RGL) last released its earnings results on Tuesday, September 9th. The company reported GBX (4.90) earnings per share for the quarter. Regional REIT had a negative net margin of 89.90% and a negative return on equity of 28.79%.

Insider Activity at Regional REIT

In other news, insider Stephen Inglis acquired 50,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were bought at an average price of GBX 101 per share, with a total value of £50,500. Corporate insiders own 1.10% of the company’s stock.

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.