KCR Residential REIT (LON:KCR) Share Price Passes Below 50 Day Moving Average – What’s Next?

KCR Residential REIT (LON:KCRGet Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 9.98 and traded as low as GBX 9.80. KCR Residential REIT shares last traded at GBX 12, with a volume of 41 shares.

KCR Residential REIT Stock Up 12.2%

The stock has a market capitalization of £4.79 million, a PE ratio of 14.56 and a beta of 0.18. The company’s fifty day moving average price is GBX 10.06 and its 200-day moving average price is GBX 10.16.

About KCR Residential REIT

(Get Free Report)

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.

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