Regional REIT (LON:RGL) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Shares of Regional REIT Limited (LON:RGL) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 120.42 ($1.47) and traded as high as GBX 120.60 ($1.47). Regional REIT shares last traded at GBX 118.80 ($1.45), with a volume of 175,695 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “hold” rating on shares of Regional REIT in a report on Monday, October 28th.

Regional REIT Stock Up 2.2 %

The business has a 50 day simple moving average of GBX 120.42 and a 200 day simple moving average of GBX 110.47. The company has a debt-to-equity ratio of 139.50, a current ratio of 0.68 and a quick ratio of 1.30. The stock has a market cap of £192.56 million, a PE ratio of -143.13 and a beta of 0.90.

Regional REIT Announces Dividend

The company also recently announced a dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, November 21st were paid a GBX 2.20 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 1.79%. Regional REIT’s dividend payout ratio (DPR) is currently -3,614.46%.

About Regional REIT

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.