Regional REIT (LON:RGL) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Regional REIT Limited (LON:RGL) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 103.81 and traded as low as GBX 99.90. Regional REIT shares last traded at GBX 101.40, with a volume of 487,826 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Regional REIT in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Regional REIT currently has an average rating of “Buy” and an average target price of GBX 140.

Regional REIT Trading Up 1.0%

The company has a quick ratio of 1.30, a current ratio of 0.67 and a debt-to-equity ratio of 153.74. The firm has a 50 day moving average price of GBX 103.81 and a 200 day moving average price of GBX 113. The stock has a market capitalization of £166.00 million, a PE ratio of -20.08 and a beta of 0.90.

Insider Buying and Selling

In related news, insider Stephen Inglis acquired 50,000 shares of the company’s stock in a transaction on Friday, November 21st. The shares were acquired at an average cost of GBX 101 per share, for a total transaction of £50,500. Insiders own 1.13% 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. It aims to deliver an attractive total return to its shareholders, with a strong focus on income supported by additional capital growth prospects.