Shore Capital Reiterates Sell Rating for Regional REIT (LON:RGL)

Shore Capital reiterated their sell rating on shares of Regional REIT (LON:RGL) in a report published on Tuesday morning, Marketbeat reports.

Regional REIT Stock Performance

Shares of RGL stock opened at GBX 20.19 ($0.25) on Tuesday. The business’s 50-day moving average price is GBX 20.15 and its 200-day moving average price is GBX 26.77. Regional REIT has a 12 month low of GBX 12.70 ($0.16) and a 12 month high of GBX 57.20 ($0.71). The firm has a market capitalization of £104.12 million, a price-to-earnings ratio of -153.85 and a beta of 0.86. The company has a current ratio of 0.68, a quick ratio of 1.30 and a debt-to-equity ratio of 139.50.

Regional REIT Announces Dividend

The company also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, February 29th were paid a dividend of GBX 1.20 ($0.01) per share. This represents a dividend yield of 5.45%. The ex-dividend date of this dividend was Thursday, February 29th. Regional REIT’s payout ratio is -3,846.15%.

Regional REIT Company Profile

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 Toscafund Asset Management LLP, the Investment Manager.