Regional REIT (LON:RGL) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Regional REIT Limited (LON:RGL) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 120.42 ($1.47) and traded as high as GBX 120.60 ($1.47). Regional REIT shares last traded at GBX 118.80 ($1.45), with a volume of 175,695 shares traded.

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 Trading Up 2.2 %

The business has a fifty day moving average price of GBX 120.42 and a 200 day moving average price of GBX 110.47. The company has a market capitalization of £192.56 million, a PE ratio of -143.13 and a beta of 0.90. The company has a debt-to-equity ratio of 139.50, a quick ratio of 1.30 and a current ratio of 0.68.

Regional REIT Announces Dividend

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