Regional REIT (LON:RGL) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Regional REIT Limited (LON:RGL) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 92.39 and traded as low as GBX 86.50. Regional REIT shares last traded at GBX 86.50, with a volume of 176,278 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Regional REIT in a research report on Tuesday, September 8th.

Regional REIT Stock Up 2.2%

The firm’s 50-day simple moving average is GBX 92.39 and its 200 day simple moving average is GBX 91.97. The company has a market cap of £143.24 million, a P/E ratio of -12.62 and a beta of 0.69. The company has a debt-to-equity ratio of 81.33, a quick ratio of 1.30 and a current ratio of 167.08.

Regional REIT (LON:RGL) last posted its quarterly earnings results on Tuesday, September 8th. The company reported GBX 4.20 earnings per share for the quarter. Regional REIT had a negative return on equity of 3.61% and a negative net margin of 15.53%.

Insider Activity at Regional REIT

In related news, insider Massy Larizadeh acquired 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The stock was acquired at an average price of GBX 90 per share, for a total transaction of £8,100. 1.14% of the stock is currently owned by company insiders.

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.