Custodian Property Income REIT (LON:CREI) Shares Pass Below Fifty Day Moving Average – Here’s Why

Custodian Property Income REIT (LON:CREI)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 87.98 and traded as low as GBX 86.10. Custodian Property Income REIT shares last traded at GBX 86.40, with a volume of 697,765 shares.

Custodian Property Income REIT Stock Down 0.1%

The stock has a market cap of £423.04 million, a price-to-earnings ratio of 8.32 and a beta of 0.72. The company’s 50-day simple moving average is GBX 88.04 and its 200-day simple moving average is GBX 86.14.

Custodian Property Income REIT (LON:CREI) last announced its earnings results on Thursday, June 11th. The company reported GBX 6.30 earnings per share (EPS) for the quarter. Custodian Property Income REIT had a return on equity of 10.24% and a net margin of 92.26%.The company had revenue of GBX 5,235 million for the quarter. As a group, analysts expect that Custodian Property Income REIT will post 6.199262 EPS for the current fiscal year.

About Custodian Property Income REIT

Custodian Property Income REIT plc is a UK real estate investment trust, which listed on the main market of the London Stock Exchange on 26 March 2014. Its portfolio comprises properties predominantly let to institutional grade tenants on long leases throughout the UK and is principally characterised by smaller, regional, core/core-plus properties. The Company offers investors the opportunity to access a diversified portfolio of UK commercial real estate through a closed-ended fund. By principally targeting smaller, regional, core/core-plus properties, the Company seeks to provide investors with an attractive level of income with the potential for capital growth.