Regional REIT (LON:RGL) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Regional REIT Limited (LON:RGL) passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of Regional REIT in a research note on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 140.

Regional REIT Price Performance

The company has a debt-to-equity ratio of 153.74, a quick ratio of 1.30 and a current ratio of 0.67. The business has a 50 day moving average price of GBX 104.04 and a 200-day moving average price of GBX 114.29. The company has a market capitalization of £168.57 million, a price-to-earnings ratio of -20.39 and a beta of 0.90.

Insider Transactions at Regional REIT

In other Regional REIT news, insider Stephen Inglis purchased 50,000 shares of the business’s stock in a transaction on Friday, November 21st. The shares were purchased at an average cost of GBX 101 per share, for a total transaction of £50,500. Company insiders own 1.13% of the company’s stock.

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.