Regional REIT (LON:RGL) Issues Earnings Results

Regional REIT (LON:RGL) announced its quarterly earnings results on Tuesday. The company reported GBX 4.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Regional REIT had a negative return on equity of 4.99% and a negative net margin of 20.80%.

Regional REIT Price Performance

Shares of RGL traded up GBX 1.50 during trading hours on Tuesday, hitting GBX 95.90. 141,088 shares of the company were exchanged, compared to its average volume of 556,490. The company has a debt-to-equity ratio of 85.73, a current ratio of 117.42 and a quick ratio of 1.30. Regional REIT has a one year low of GBX 84.80 and a one year high of GBX 126.80. The company has a market capitalization of £155.44 million, a PE ratio of -9.50 and a beta of 0.69. The firm has a fifty day simple moving average of GBX 96.09 and a 200-day simple moving average of GBX 93.62.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reissued a “house stock” rating on shares of Regional REIT in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Regional REIT presently has a consensus rating of “Buy” and an average price target of GBX 140.

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. It aims to deliver an attractive total return to its shareholders, with a strong focus on income supported by additional capital growth prospects.