KCR Residential REIT (LON:KCR) Shares Pass Below Fifty Day Moving Average – What’s Next?

KCR Residential REIT (LON:KCR) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 10.51 and traded as low as GBX 9.50. KCR Residential REIT shares last traded at GBX 11, with a volume of 5,963 shares traded.

KCR Residential REIT Stock Up 15.8%

The firm has a market cap of £4.58 million, a price-to-earnings ratio of 13.92 and a beta of 0.18. The business has a 50 day moving average price of GBX 10.51 and a 200-day moving average price of GBX 9.92.

KCR Residential REIT (LON:KCR) last released its quarterly earnings results on Tuesday, March 17th. The company reported GBX (0.91) EPS for the quarter. KCR Residential REIT had a negative return on equity of 3.87% and a negative net margin of 23.79%.

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.