Regional REIT (LON:RGL) Stock Passes Above 50 Day Moving Average – What’s Next?

Regional REIT Limited (LON:RGL) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 94.31 and traded as high as GBX 100. Regional REIT shares last traded at GBX 98, with a volume of 163,023 shares.

Analysts Set New Price Targets

Separately, Shore Capital Group restated a “house stock” rating on shares of Regional REIT in a report on Thursday, June 18th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Regional REIT currently has a consensus rating of “Buy” and a consensus target price of GBX 140.

Regional REIT Trading Down 1.0%

The stock has a 50-day moving average of GBX 94.31 and a two-hundred day moving average of GBX 95.08. The company has a market cap of £158.85 million, a P/E ratio of -9.70 and a beta of 0.66. The company has a debt-to-equity ratio of 85.73, a quick ratio of 1.30 and a current ratio of 117.42.

About Regional REIT

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. It aims to deliver an attractive total return to its shareholders, with a strong focus on income supported by additional capital growth prospects.