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Regional REIT (LON:RGL) Stock Passes Below Fifty Day Moving Average - Here's Why

Regional REIT logo with Real Estate background

Key Points

  • Regional REIT's share price fell below its fifty day moving average of GBX 123.82, with recent trading at GBX 125.
  • The company has a market capitalization of £197.31 million and a negative price-to-earnings ratio of -363.37.
  • Insider David Hunter purchased 30,000 shares at GBX 125, indicating potential confidence in the company's valuation.
  • MarketBeat previews top five stocks to own in November.

Regional REIT Limited (LON:RGL - Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 123.82 ($1.68) and traded as low as GBX 120.40 ($1.63). Regional REIT shares last traded at GBX 125 ($1.69), with a volume of 175,470 shares.

Analysts Set New Price Targets

Separately, Shore Capital reissued a "house stock" rating on shares of Regional REIT in a report on Tuesday, September 9th.

Check Out Our Latest Research Report on Regional REIT

Regional REIT Trading Up 0.6%

The company has a debt-to-equity ratio of 153.74, a current ratio of 0.67 and a quick ratio of 1.30. The firm has a market capitalization of £202.29 million, a PE ratio of -372.54 and a beta of 0.90. The company's fifty day simple moving average is GBX 123.81 and its 200-day simple moving average is GBX 116.94.

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

Insider Transactions at Regional REIT

In other Regional REIT news, insider David Hunter bought 30,000 shares of Regional REIT stock in a transaction dated Monday, July 7th. The stock was acquired 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 Regional REIT stock in a transaction dated Thursday, September 11th. The stock was acquired at an average price of GBX 124 per share, with a total value of £49,600. 1.07% of the stock is owned by corporate insiders.

About Regional REIT

(Get Free Report)

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.

See Also

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