Regional Health Properties, Inc. (NYSEAMERICAN:RHE – Get Rating)’s stock price traded down 8.6% during mid-day trading on Monday . The stock traded as low as $3.10 and last traded at $3.10. 12,535 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 20,022 shares. The stock had previously closed at $3.39.
Regional Health Properties Trading Down 8.6 %
The company has a market cap of $5.83 million, a P/E ratio of -0.39 and a beta of 0.94.
Institutional Investors Weigh In On Regional Health Properties
A number of institutional investors and hedge funds have recently modified their holdings of RHE. Susquehanna International Group LLP acquired a new position in Regional Health Properties in the 1st quarter worth approximately $106,000. Renaissance Technologies LLC lifted its stake in Regional Health Properties by 62.7% in the 1st quarter. Renaissance Technologies LLC now owns 26,198 shares of the company’s stock worth $89,000 after acquiring an additional 10,098 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in Regional Health Properties during the 1st quarter worth about $54,000. Vanguard Group Inc. acquired a new stake in Regional Health Properties during the 3rd quarter worth about $25,000. Finally, Virtu Financial LLC acquired a new position in shares of Regional Health Properties in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 3.38% of the company’s stock.
About Regional Health Properties
Regional Health Properties, Inc is a real estate investment company, which engages in the business of investing in real estate for the purpose of long-term care and senior living. It operates under the Real Estate Services and the Healthcare Services segments. The Real Estate Services segment includes owning, leasing, and subleasing healthcare facilities, predominantly skilled nursing facilities, and assisted living facilities to third-party tenants.
Further Reading
- Get a free copy of the StockNews.com research report on Regional Health Properties (RHE)
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