Insider Buying: Regional REIT (LON:RGL) Insider Purchases 40,000 Shares of Stock

Key Points

• Insider Stephen Inglis purchased 40,000 shares of Regional REIT stock at an average price of GBX 124, totaling £49,600.
• The company reported negative earnings per share of GBX (4.90) for the last quarter, reflecting a declining financial performance.
• Shore Capital reiterated a "house stock" rating on Regional REIT, indicating confidence in the stock among analysts.

Regional REIT Limited (LON:RGL - Get Free Report) insider Stephen Inglis purchased 40,000 shares of Regional REIT stock in a transaction dated Thursday, September 11th. The stock was bought at an average price of GBX 124 per share, for a total transaction of £49,600.

Regional REIT Trading Up 0.5%

Regional REIT stock traded up GBX 0.60 during mid-day trading on Thursday, hitting GBX 124. 240,973 shares of the stock were exchanged, compared to its average volume of 296,539. The company has a quick ratio of 1.30, a current ratio of 0.67 and a debt-to-equity ratio of 153.74. Regional REIT Limited has a 12 month low of GBX 97.60 and a 12 month high of GBX 140.60. The firm's fifty day simple moving average is GBX 123.80 and its two-hundred day simple moving average is GBX 116.76. The stock has a market capitalization of £200.99 million, a price-to-earnings ratio of -370.15 and a beta of 0.90.

Regional REIT (LON:RGL - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported GBX (4.90) earnings per share for the quarter. Regional REIT had a negative net margin of 89.90% and a negative return on equity of 28.79%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "house stock" rating on shares of Regional REIT in a research report on Tuesday.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.