Regional REIT (LON:RGL) Issues Quarterly Earnings Results

Regional REIT (LON:RGL) issued its quarterly earnings results on Tuesday. The company reported GBX 4.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Regional REIT had a negative net margin of 15.53% and a negative return on equity of 3.61%.

Regional REIT Stock Performance

Shares of RGL stock traded down GBX 0.90 during trading on Thursday, hitting GBX 94.10. The company’s stock had a trading volume of 199,311 shares, compared to its average volume of 554,620. The company has a market cap of £152.52 million, a PE ratio of -9.32 and a beta of 0.69. The company has a current ratio of 167.08, a quick ratio of 1.30 and a debt-to-equity ratio of 3.69. The business has a fifty day moving average of GBX 96.16 and a 200-day moving average of GBX 93.49. Regional REIT has a 52 week low of GBX 84.80 and a 52 week high of GBX 126.80.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Regional REIT in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 140.

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.