Regional REIT (LON:RGL) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Regional REIT Limited (LON:RGL)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 89.81 and traded as low as GBX 88. Regional REIT shares last traded at GBX 88.30, with a volume of 281,111 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating on shares of Regional REIT in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 140.

Regional REIT Price Performance

The stock has a market capitalization of £144.91 million, a P/E ratio of -8.85 and a beta of 0.61. The company’s 50 day simple moving average is GBX 89.81 and its two-hundred day simple moving average is GBX 98.55. The company has a debt-to-equity ratio of 85.73, a current ratio of 117.42 and a quick ratio of 1.30.

Regional REIT (LON:RGL) last announced its earnings results on Tuesday, March 24th. The company reported GBX (10.10) EPS for the quarter. Regional REIT had a negative return on equity of 4.99% and a negative net margin of 20.80%.

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. It aims to deliver an attractive total return to its shareholders, with a strong focus on income supported by additional capital growth prospects.