Regional REIT (LON:RGL) Stock Price Crosses Above 50 Day Moving Average of $113.93

Posted by MarketBeat News on Sep 28th, 2024

Regional REIT Limited (LON:RGL – Get Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 113.93 ($1.53) and traded as high as GBX 137 ($1.83). Regional REIT shares last traded at GBX 135.60 ($1.82), with a volume of 413,632 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital raised shares of Regional REIT to a “hold” rating in a research report on Tuesday, September 10th.

Check Out Our Latest Analysis on Regional REIT

Regional REIT Stock Performance

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The company has a market capitalization of £222.71 million, a price-to-earnings ratio of -165.54 and a beta of 0.90. 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 50 day simple moving average of GBX 116.40 and a two-hundred day simple moving average of GBX 53.05.

Regional REIT Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a GBX 2.20 ($0.03) dividend. This is a positive change from Regional REIT’s previous dividend of $1.20. This represents a yield of 1.73%. The ex-dividend date is Thursday, September 19th. Regional REIT’s dividend payout ratio is currently -3,614.46%.

Insider Transactions at Regional REIT

In related news, insider Massy Larizadeh purchased 102,214 shares of Regional REIT stock in a transaction that occurred on Friday, July 19th. The stock was purchased at an average cost of GBX 10 ($0.13) per share, with a total value of £10,221.40 ($13,686.93). Insiders own 21.73% of the company’s stock.

Regional REIT Company Profile

(Get Free Report)

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.