Regional REIT (LON:RGL) Shares Break Below Fifty Day Moving Average – Here’s Why

Regional REIT Limited (LON:RGL) crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 88.87 and traded as low as GBX 87.50. Regional REIT shares last traded at GBX 87.50, with a volume of 106,416 shares.

Analyst Ratings Changes

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Regional REIT in a report on Tuesday, September 8th.

Regional REIT Stock Performance

The firm’s fifty day moving average price is GBX 88.87 and its 200 day moving average price is GBX 93.39. The company has a current ratio of 167.08, a quick ratio of 1.30 and a debt-to-equity ratio of 81.33. The firm has a market capitalization of £142.63 million, a PE ratio of -12.57 and a beta of 0.71.

Regional REIT (LON:RGL) last announced its quarterly earnings data on Tuesday, September 8th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. Regional REIT had a negative return on equity of 3.61% and a negative net margin of 15.53%.

Insiders Place Their Bets

In other news, insider Massy Larizadeh purchased 9,000 shares of Regional REIT stock in a transaction dated Tuesday, September 29th. The stock was acquired at an average cost of GBX 90 per share, for a total transaction of £8,100. 1.18% of the stock is currently owned by insiders.

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.