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

Regional REIT Limited (LON:RGL)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty 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.

Analysts Set New Price Targets

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

Regional REIT Stock Up 2.2 %

The company has a current ratio of 0.68, a quick ratio of 1.30 and a debt-to-equity ratio of 139.50. The firm has a market cap of £192.56 million, a price-to-earnings ratio of -143.13 and a beta of 0.90. The firm has a 50-day moving average of GBX 120.42 and a two-hundred day moving average of GBX 110.47.

Regional REIT Dividend Announcement

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