Regional REIT (LON:RGL) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Regional REIT Limited (LON:RGL)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 121.78 ($1.49) and traded as low as GBX 113 ($1.38). Regional REIT shares last traded at GBX 114.60 ($1.40), with a volume of 443,291 shares.

Analysts Set New Price Targets

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

Regional REIT Stock Performance

The firm has a fifty day simple moving average of GBX 121.25 and a 200-day simple moving average of GBX 106.50. The company has a quick ratio of 1.30, a current ratio of 0.68 and a debt-to-equity ratio of 139.50. The company has a market cap of £185.43 million, a PE ratio of -137.83 and a beta of 0.90.

Regional REIT Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, November 21st were issued a GBX 2.20 ($0.03) dividend. This represents a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, November 21st. Regional REIT’s payout ratio is currently -3,614.46%.

About Regional REIT

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.