Regional REIT (LON:RGL) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Shares of Regional REIT Limited (LON:RGL) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 103.95 and traded as low as GBX 98.80. Regional REIT shares last traded at GBX 106.67, with a volume of 366,221 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a “house stock” rating on shares of Regional REIT in a report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 140.

Regional REIT Price Performance

The company has a debt-to-equity ratio of 153.74, a current ratio of 0.67 and a quick ratio of 1.30. The business’s fifty day moving average price is GBX 103.95 and its two-hundred day moving average price is GBX 112.13. The stock has a market capitalization of £173.43 million, a PE ratio of -20.98 and a beta of 0.90.

Insiders Place Their Bets

In other news, insider Stephen Inglis acquired 50,000 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were acquired at an average cost of GBX 101 per share, with a total value of £50,500. Insiders own 1.13% of the company’s stock.

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.