Regional REIT (LON:RGL) Shares Cross Below 50-Day Moving Average - Time to Sell?

Key Points

• Regional REIT's stock dipped below its 50-day moving average, trading as low as GBX 108.20, with current trading at GBX 112.40.
• Analysts have largely maintained a "buy" rating for the stock, with a consensus price target of GBX 140.
• Insider Stephen Inglis purchased 40,000 shares at an average of GBX 124 per share, indicating confidence in the company's future performance.

Regional REIT Limited (LON:RGL - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 119.08 ($1.59) and traded as low as GBX 108.20 ($1.44). Regional REIT shares last traded at GBX 112.40 ($1.50), with a volume of 156,664 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Peel Hunt reiterated a "buy" rating and set a GBX 140 price target on shares of Regional REIT in a report on Thursday, September 18th. Shore Capital reiterated a "house stock" rating on shares of Regional REIT in a report on Tuesday, September 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of GBX 140.

Regional REIT Stock Down 0.2%

The company has a current ratio of 0.67, a quick ratio of 1.30 and a debt-to-equity ratio of 153.74. The firm has a market capitalization of £182.19 million, a P/E ratio of -22.04 and a beta of 0.90. The company's fifty day simple moving average is GBX 119.08 and its 200 day simple moving average is GBX 118.65.

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

Insider Buying and Selling

In related news, insider Stephen Inglis acquired 40,000 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was acquired at an average cost of GBX 124 per share, for a total transaction of £49,600. Company insiders own 1.10% 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.

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