Regional REIT's (RGL) Buy Rating Reiterated at Peel Hunt

Key Points

• Peel Hunt has reaffirmed a "buy" rating for Regional REIT (LON:RGL) with a price target of GBX 140, indicating a potential upside of 16.13% from its current price.
• Regional REIT's stock is currently down 1.2%, with a market cap of £195.40 million and a twelve-month high of GBX 140.
• Insider buying activity was noted, with two executives purchasing shares at prices around GBX 124 and 125, reflecting confidence in the company's future performance.

Peel Hunt reissued their buy rating on shares of Regional REIT (LON:RGL - Free Report) in a report issued on Thursday, Marketbeat.com reports. The firm currently has a GBX 140 price target on the stock.

Separately, Shore Capital reiterated a "house stock" rating on shares of Regional REIT in a research report on Tuesday, September 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 140.

Regional REIT Stock Down 0.7%

LON:RGL traded down GBX 0.82 during midday trading on Thursday, reaching GBX 116.20. 361,701 shares of the stock traded hands, compared to its average volume of 295,802. The company has a debt-to-equity ratio of 153.74, a quick ratio of 1.30 and a current ratio of 0.67. Regional REIT has a 12-month low of GBX 97.60 and a 12-month high of GBX 140. The stock has a market capitalization of £188.35 million, a PE ratio of -346.87 and a beta of 0.90. The business has a 50-day moving average of GBX 123.57 and a two-hundred day moving average of GBX 117.28.

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

Insider Activity at Regional REIT

In other news, insider David Hunter acquired 30,000 shares of Regional REIT stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average cost of GBX 125 per share, for a total transaction of £37,500. Also, insider Stephen Inglis bought 40,000 shares of the business's stock in a transaction on Thursday, September 11th. The stock was bought at an average price of GBX 124 per share, for a total transaction of £49,600. Company insiders own 1.07% of the company's stock.

Regional REIT Company Profile

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.