KCR Residential REIT (LON:KCR) Stock Price Down 13.8% – Time to Sell?

Shares of KCR Residential REIT (LON:KCR) dropped 13.8% on Wednesday . The stock traded as low as GBX 7.20 and last traded at GBX 7.20. Approximately 1,150 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 2,297 shares. The stock had previously closed at GBX 8.35.

KCR Residential REIT Stock Down 13.8%

The firm has a market cap of £3.00 million, a P/E ratio of 9.11 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 business has a 50-day moving average price of GBX 8.36 and a 200-day moving average price of GBX 10.55.

KCR Residential REIT (LON:KCR) last released its quarterly earnings data on Thursday, October 23rd. The company reported GBX 0.79 earnings per share 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. 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.