KCR Residential REIT (LON:KCR) Shares Cross Above 50 Day Moving Average – What’s Next?

KCR Residential REIT (LON:KCR)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 8.45 and traded as high as GBX 8.60. KCR Residential REIT shares last traded at GBX 7.20, with a volume of 209 shares trading hands.

KCR Residential REIT Price Performance

The firm has a market capitalization of £3.48 million, a P/E ratio of -7.20 and a beta of 0.32. The business has a 50 day moving average price of GBX 8.42 and a 200 day moving average price of GBX 9.02.

About KCR Residential REIT

KCR Residential REIT plc was admitted to AIM on the London Stock Exchange on 3 July 2015.

KCR’s objective is capitalise on its position as the first REIT specialising in residential property in the private rented sector (PRS) to build a substantial investment portfolio that generates secure income flow for shareholders through the acquisition of property SPVs. KCR intends to achieve this objective by acquiring, improving and managing residential property assets in areas in the UK that have potential for growth in rental and capital values.