Regional REIT (LON:RGL) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Regional REIT Limited (LON:RGL) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 107.98 and traded as low as GBX 100.80. Regional REIT shares last traded at GBX 101.80, with a volume of 568,768 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Shore Capital reiterated a “house stock” rating on shares of Regional REIT in a research note on Wednesday, November 12th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 140 target price on shares of Regional REIT in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 140.

Regional REIT Trading Down 1.9%

The stock has a market capitalization of £165.01 million, a PE ratio of -19.96 and a beta of 0.90. The stock’s 50 day moving average price is GBX 107.98 and its 200-day moving average price is GBX 116.61. The company has a quick ratio of 1.30, a current ratio of 0.67 and a debt-to-equity ratio of 153.74.

Insider Activity at Regional REIT

In other Regional REIT news, insider Stephen Inglis acquired 50,000 shares of the stock in a transaction dated Friday, November 21st. The shares were acquired at an average cost of GBX 101 per share, for a total transaction of £50,500. 1.13% of the stock is owned by insiders.

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.