Regional REIT (LON:RGL) Stock Passes Below 50-Day Moving Average – Here’s Why

Shares of Regional REIT Limited (LON:RGL) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 123.21 ($1.54) and traded as low as GBX 113.57 ($1.42). Regional REIT shares last traded at GBX 115.20 ($1.44), with a volume of 517,270 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “hold” rating on shares of Regional REIT in a report on Monday, October 28th.

Regional REIT Price Performance

The company has a debt-to-equity ratio of 139.50, a current ratio of 0.68 and a quick ratio of 1.30. The stock has a market capitalization of £189.48 million, a PE ratio of -140.84 and a beta of 0.90. The company has a 50-day moving average of GBX 123.21 and a two-hundred day moving average of GBX 101.95.

Regional REIT Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be given a GBX 2.20 ($0.03) dividend. The ex-dividend date is Thursday, November 21st. This represents a dividend yield of 1.79%. Regional REIT’s dividend payout ratio is presently -3,614.46%.

About Regional REIT

Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and ARA Europe Private Markets Limited, the Investment Adviser.