Regional REIT (LON:RGL) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Regional REIT Limited (LON:RGL) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 104.04 and traded as high as GBX 106.80. Regional REIT shares last traded at GBX 104, with a volume of 306,239 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “house stock” rating on shares of Regional REIT in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Regional REIT currently has a consensus rating of “Buy” and an average price target of GBX 140.

Regional REIT Price Performance

The firm has a market capitalization of £168.57 million, a P/E ratio of -20.39 and a beta of 0.90. The stock’s fifty day simple moving average is GBX 104.04 and its 200 day simple moving average is GBX 114.24. The company has a debt-to-equity ratio of 153.74, a current ratio of 0.67 and a quick ratio of 1.30.

Insider Activity at Regional REIT

In other news, insider Stephen Inglis bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was bought at an average price of GBX 101 per share, with a total value of £50,500. 1.13% of the stock is currently owned by company insiders.

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.