Regional REIT (LON:RGL) Trading 0.3% Higher - Here's Why

Key Points

• Regional REIT's share price increased by 0.3% during trading, settling at GBX 127.60 ($1.70) with a significantly lower trading volume of 176,887 shares.
• Shore Capital has reaffirmed a "buy" rating on Regional REIT, indicating positive analyst sentiment towards the stock.
• Insider David Hunter purchased 30,000 shares at an average price of GBX 125 ($1.67), which underscores confidence from company insiders as they own 21.73% of the stock.

Regional REIT Limited (LON:RGL - Get Free Report)'s share price traded up 0.3% during trading on Monday . The stock traded as high as GBX 127.60 ($1.70) and last traded at GBX 127.60 ($1.70). 176,887 shares changed hands during trading, a decline of 43% from the average session volume of 312,820 shares. The stock had previously closed at GBX 127.20 ($1.70).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "buy" rating on shares of Regional REIT in a report on Thursday, May 22nd.

Regional REIT Price Performance

The firm has a market capitalization of £206.26 million, a PE ratio of -0.80 and a beta of 0.90. The stock has a 50-day moving average price of GBX 120.03 and a 200 day moving average price of GBX 115.37. The company has a quick ratio of 1.30, a current ratio of 0.67 and a debt-to-equity ratio of 153.74.

Insider Activity at Regional REIT

In other Regional REIT news, insider David Hunter acquired 30,000 shares of the business's stock in a transaction dated Monday, July 7th. The stock was acquired at an average cost of GBX 125 ($1.67) per share, for a total transaction of £37,500 ($50,100.20). 21.73% of the stock is owned by company insiders.

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.

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