KCR Residential REIT (LON:KCR) Stock Price Down 12.2% – Here’s What Happened

KCR Residential REIT (LON:KCR) shares were down 12.2% on Friday . The stock traded as low as GBX 9 and last traded at GBX 9. Approximately 56,028 shares changed hands during mid-day trading, an increase of 310% from the average daily volume of 13,658 shares. The stock had previously closed at GBX 10.25.

KCR Residential REIT Stock Down 12.2%

The stock’s 50 day moving average is GBX 10.14 and its 200-day moving average is GBX 10.13. The company has a market cap of £3.75 million, a PE ratio of 11.39 and a beta of 0.18.

KCR Residential REIT Company Profile

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.