Regional REIT (LON:RGL) Shares Down 0.5% – Here’s What Happened

Regional REIT Limited (LON:RGL)’s share price dropped 0.5% during mid-day trading on Thursday . The stock traded as low as GBX 117.40 ($1.48) and last traded at GBX 117.40 ($1.48). Approximately 301,707 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 369,143 shares. The stock had previously closed at GBX 118 ($1.49).

Wall Street Analyst Weigh In

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

Regional REIT Trading Up 1.5 %

The firm’s fifty day simple moving average is GBX 126.50 and its 200-day simple moving average is GBX 93.48. The company has a debt-to-equity ratio of 139.50, a quick ratio of 1.30 and a current ratio of 0.68. The stock has a market cap of £193.21 million, a P/E ratio of -143.61 and a beta of 0.90.

Regional REIT Dividend Announcement

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