KCR Residential REIT (LON:KCR) Trading Up 9.9% – Here’s What Happened

KCR Residential REIT (LON:KCR) shares shot up 9.9% during trading on Wednesday . The company traded as high as GBX 9.45 and last traded at GBX 9.45. 52,783 shares were traded during mid-day trading, an increase of 217% from the average session volume of 16,634 shares. The stock had previously closed at GBX 8.60.

KCR Residential REIT Stock Performance

The firm has a market cap of £3.58 million, a price-to-earnings ratio of 10.89 and a beta of 0.18. The company has a current ratio of 7.84, a quick ratio of 6.14 and a debt-to-equity ratio of 112.83. The stock’s 50 day moving average is GBX 11.16 and its 200 day moving average is GBX 10.83.

KCR Residential REIT (LON:KCR) last posted its earnings results on Thursday, October 23rd. The company reported GBX 0.79 EPS for the quarter. KCR Residential REIT had a negative return on equity of 9.29% and a negative net margin of 66.04%.

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.