Regional REIT (LON:RGL) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Regional REIT Limited (LON:RGL) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 121.78 ($1.50) and traded as low as GBX 113 ($1.39). Regional REIT shares last traded at GBX 114.60 ($1.41), with a volume of 443,291 shares trading hands.

Wall Street Analyst Weigh In

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

Regional REIT Price Performance

The firm has a 50-day simple moving average of GBX 121.50 and a 200 day simple moving average of GBX 105.86. The firm has a market cap of £184.86 million, a PE ratio of -137.40 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.

Regional REIT Dividend Announcement

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

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.