Regional REIT (LON:RGL) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Regional REIT Limited (LON:RGL) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 131.14 ($1.70) and traded as high as GBX 131.80 ($1.71). Regional REIT shares last traded at GBX 130.40 ($1.69), with a volume of 238,656 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital upgraded Regional REIT to a “hold” rating in a research note on Tuesday, September 10th.

Regional REIT Stock Performance

The stock has a market cap of £211.37 million, a PE ratio of -157.11 and a beta of 0.90. 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 firm has a 50 day moving average of GBX 131.14 and a two-hundred day moving average of GBX 68.44.

Regional REIT Increases Dividend

The business also recently announced a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a GBX 2.20 ($0.03) dividend. This is a boost from Regional REIT’s previous dividend of $1.20. The ex-dividend date was Thursday, September 19th. This represents a dividend yield of 1.73%. Regional REIT’s dividend payout ratio is presently -3,614.46%.

About Regional REIT

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.