KCR Residential REIT (LON:KCR) Stock Price Down 12.2% – Here’s Why

Shares of KCR Residential REIT (LON:KCR) dropped 12.2% during mid-day trading on Friday . The stock traded as low as GBX 9 and last traded at GBX 9. Approximately 56,028 shares were traded during trading, an increase of 310% from the average daily volume of 13,658 shares. The stock had previously closed at GBX 10.25.

KCR Residential REIT Trading Down 12.2%

The stock has a market capitalization of £3.75 million, a P/E ratio of 11.39 and a beta of 0.18. The stock’s 50 day simple moving average is GBX 10.13 and its 200 day simple moving average is GBX 10.17.

About KCR Residential REIT

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.