Regional REIT (LON:RGL) Stock Passes Below 50-Day Moving Average – Should You Sell?

Regional REIT Limited (LON:RGL) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 121.78 ($1.50) and traded as low as GBX 113 ($1.39). Regional REIT shares last traded at GBX 114.60 ($1.41), with a volume of 443,291 shares changing hands.

Analysts Set New Price Targets

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

Regional REIT Price Performance

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 has a market cap of £184.86 million, a P/E ratio of -137.40 and a beta of 0.90. The firm’s fifty day moving average is GBX 121.50 and its two-hundred day moving average is GBX 105.86.

Regional REIT Announces Dividend

The business also recently declared 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 of this dividend is Thursday, November 21st. Regional REIT’s payout ratio is currently -3,614.46%.

Regional REIT Company Profile

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.