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

Regional REIT Limited (LON:RGL) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 124.79 ($1.56) and traded as low as GBX 119.20 ($1.49). Regional REIT shares last traded at GBX 119.40 ($1.50), with a volume of 48,656 shares traded.

Analyst Ratings Changes

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

Regional REIT Stock Up 2.4 %

The company’s fifty day simple moving average is GBX 124.79 and its 200 day simple moving average is GBX 97.38. The company has a current ratio of 0.68, a quick ratio of 1.30 and a debt-to-equity ratio of 139.50. The firm has a market capitalization of £193.54 million, a P/E ratio of -143.86 and a beta of 0.90.

Regional REIT Dividend Announcement

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