Stephen Inglis, an insider at Regional REIT Limited, purchased 50,000 shares of the company on November 21, 2023. The acquisition took place at an average price of GBX 101 per share, amounting to a total investment of £50,500. This transaction follows a previous purchase on September 11, 2023, when Inglis acquired 40,000 shares at an average of GBX 124, totaling £49,600.
The recent trades reflect Inglis’s confidence in the company, which operates as a real estate investment trust focusing on regional properties outside of the M25 motorway. Following the latest transaction, Regional REIT’s stock experienced a modest increase of 0.2% during trading on November 21, reaching GBX 101.60. In total, 344,514 shares were exchanged, surpassing the average trading volume of 288,018 shares.
Company Performance and Market Position
Regional REIT’s financial metrics indicate a market capitalization of £164.68 million. The company currently holds a negative price-to-earnings (P/E) ratio of -19.92 and a beta of 0.90, suggesting lower volatility compared to the market. Its debt-to-equity ratio stands at 153.74, with a current ratio of 0.67 and a quick ratio of 1.30. Over the last year, the stock has fluctuated between a low of GBX 97.60 and a high of GBX 130.80.
The company reported its quarterly earnings results on September 9, 2023, revealing an earnings per share (EPS) of GBX (4.90). This performance reflects significant challenges, including a negative net margin of 89.90% and a negative return on equity of 28.79%.
Analyst Insights and Future Prospects
Recent analyst reports have provided varied insights on Regional REIT’s stock. Peel Hunt reiterated a “buy” rating, setting a target price of GBX 140 on November 18, 2023. Similarly, Shore Capital reaffirmed its “house stock” rating in a report dated November 12, 2023. Currently, one research analyst rates the stock as a buy, contributing to an average rating of “buy” and a target price of GBX 140 according to data from MarketBeat.
As Regional REIT navigates market challenges, the recent stock purchases by insiders like Inglis may signal confidence in the company’s long-term strategy. Investors will be closely monitoring future performance and analyst recommendations as the company seeks to enhance its portfolio and financial stability.
