KCR Residential REIT (LON:KCR) Shares Pass Below Fifty Day Moving Average – What’s Next?
by Sarita Garza · The Markets DailyKCR Residential REIT (LON:KCR – Get Free Report)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 8.27 and traded as low as GBX 7.20. KCR Residential REIT shares last traded at GBX 7.20, with a volume of 23,000 shares.
KCR Residential REIT Stock Performance
The stock has a market cap of £3.00 million, a price-to-earnings ratio of -6.21 and a beta of 0.32. The business’s fifty day simple moving average is GBX 8.25 and its 200 day simple moving average is GBX 9.33.
About KCR Residential REIT
KCR Residential REIT plc was admitted to AIM on the London Stock Exchange on 3 July 2015.
KCR’s objective is capitalise on its position as the first REIT specialising in residential property in the private rented sector (PRS) to build a substantial investment portfolio that generates secure income flow for shareholders through the acquisition of property SPVs. KCR intends to achieve this objective by acquiring, improving and managing residential property assets in areas in the UK that have potential for growth in rental and capital values.