Regional REIT (LON:RGL) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Regional REIT Limited (LON:RGL) shares passed 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 changing hands.

Wall Street Analyst Weigh In

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

Regional REIT Price Performance

The stock has a fifty day moving average of GBX 120.42 and a 200-day moving average of GBX 110.47. The company has a quick ratio of 1.30, a current ratio of 0.68 and a debt-to-equity ratio of 139.50. The stock has a market capitalization of £192.56 million, a price-to-earnings ratio of -143.13 and a beta of 0.90.

Regional REIT Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, November 21st were paid a dividend of GBX 2.20 ($0.03) per share. This represents a dividend yield of 1.79%. The ex-dividend date was Thursday, November 21st. Regional REIT’s dividend payout ratio (DPR) is presently -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.