Regional REIT (LON:RGL) Shares Pass Below 50 Day Moving Average – Time to Sell?

Shares of Regional REIT Limited (LON:RGL) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 124.79 ($1.57) and traded as low as GBX 119.20 ($1.50). Regional REIT shares last traded at GBX 119.40 ($1.50), with a volume of 48,656 shares.

Analysts Set New Price Targets

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

Regional REIT Stock Up 2.4 %

The company has a debt-to-equity ratio of 139.50, a quick ratio of 1.30 and a current ratio of 0.68. The company’s fifty day moving average price is GBX 124.53 and its 200-day moving average price is GBX 98.05. The stock has a market cap of £193.54 million, a P/E ratio of -143.86 and a beta of 0.90.

Regional REIT Announces Dividend

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

Regional REIT Company Profile

Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and ARA Europe Private Markets Limited, the Investment Adviser.