Shore Capital Reaffirms Sell Rating for Regional REIT (LON:RGL)

Shore Capital reiterated their sell rating on shares of Regional REIT (LON:RGL) in a research note published on Tuesday morning, Marketbeat reports.

Regional REIT Price Performance

Shares of LON:RGL opened at GBX 21.40 ($0.27) on Tuesday. The company has a current ratio of 0.68, a quick ratio of 1.30 and a debt-to-equity ratio of 139.50. The stock’s fifty day simple moving average is GBX 20.01 and its two-hundred day simple moving average is GBX 26.68. Regional REIT has a 1-year low of GBX 12.70 ($0.16) and a 1-year high of GBX 56 ($0.70). The stock has a market cap of £110.37 million, a PE ratio of -164.62 and a beta of 0.86.

Regional REIT Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, February 29th were given a dividend of GBX 1.20 ($0.01) per share. This represents a dividend yield of 5.45%. The ex-dividend date of this dividend was Thursday, February 29th. Regional REIT’s dividend payout ratio is presently -3,846.15%.

Regional REIT Company Profile

Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and Toscafund Asset Management LLP, the Investment Manager.