Shares of KCR Residential REIT (LON:KCR – Get Free Report) hit a new 52-week low during trading on Wednesday. The company traded as low as GBX 6 and last traded at GBX 6.30, with a volume of 15,004 shares. The stock had previously closed at GBX 6.75.
KCR Residential REIT Trading Down 6.7%
The firm has a market capitalization of £2.63 million, a P/E ratio of -5.43 and a beta of 0.32. The company’s fifty day simple moving average is GBX 8.09 and its 200 day simple moving average is GBX 8.41.
About KCR Residential REIT
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.
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