KCR Residential REIT (LON:KCR) Shares Down 18.3% – What’s Next?

Shares of KCR Residential REIT (LON:KCR) traded down 18.3% during mid-day trading on Monday . The company traded as low as GBX 9.80 and last traded at GBX 9.80. 50,057 shares were traded during trading, an increase of 235% from the average session volume of 14,948 shares. The stock had previously closed at GBX 12.

KCR Residential REIT Stock Down 18.3%

The company has a current ratio of 7.84, a quick ratio of 6.14 and a debt-to-equity ratio of 112.83. The company has a 50-day simple moving average of GBX 9.52 and a 200 day simple moving average of GBX 10.18. The company has a market cap of £4.08 million, a P/E ratio of 12.41 and a beta of 0.18.

About KCR Residential REIT

KCR Residential REIT plc was admitted to AIM on the London Stock Exchange on 3 July 2015.

KCR’s objective is capitalise on its position as the first REIT specialising in residential property in the private rented sector (PRS) to build a substantial investment portfolio that generates secure income flow for shareholders through the acquisition of property SPVs. KCR intends to achieve this objective by acquiring, improving and managing residential property assets in areas in the UK that have potential for growth in rental and capital values.