Regional REIT (LON:RGL) Announces Earnings Results

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

Regional REIT Stock Up 1.5%

Shares of LON RGL opened at GBX 95.85 on Tuesday. Regional REIT has a 1 year low of GBX 84.80 and a 1 year high of GBX 126.80. The firm has a market cap of £155.36 million, a price-to-earnings ratio of -9.49 and a beta of 0.69. The company has a debt-to-equity ratio of 85.73, a quick ratio of 1.30 and a current ratio of 117.42. The stock’s 50-day simple moving average is GBX 96.09 and its 200-day simple moving average is GBX 93.62.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “house stock” rating on shares of Regional REIT in a report on Tuesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 140.

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.