Shares of KCR Residential REIT (LON:KCR – Get Free Report) passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 8.32 and traded as low as GBX 7. KCR Residential REIT shares last traded at GBX 7.75, with a volume of 5 shares trading hands.
KCR Residential REIT Price Performance
The company has a market cap of £2.50 million, a price-to-earnings ratio of -5.17 and a beta of 0.32. The firm’s fifty day moving average price is GBX 8.29 and its 200-day moving average price is GBX 8.54.
About KCR Residential REIT
KCR Residential REIT plc was admitted to AIM on the London Stock Exchange on 3 July 2015.
KCR’s objective is capitalise on its position as the first REIT specialising in residential property in the private rented sector (PRS) to build a substantial investment portfolio that generates secure income flow for shareholders through the acquisition of property SPVs. KCR intends to achieve this objective by acquiring, improving and managing residential property assets in areas in the UK that have potential for growth in rental and capital values.
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