Notable Stock News to Watch: Regional Health Properties (NYSE:RHE)

Regional Health Properties (NYSE:RHE) stock revealed change of 58.67% away from 52-week low price and recently located move of -77.55% off 52-week high price. It has market worth of $2.06M. RHE stock has been recorded -8.52% away from 50 day moving average and -23.09% away from 200 day moving average. Moving closer, we can see that shares have been trading 14.29% off 20-day moving average.

On April 2, 2020, Regional Health Properties (NYSE American:RHE) a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care, revealed results for the year ended December 31, 2019.

Business Update

  • Successfully settled a total of three professional liability claims during the fourth quarter 2019 and the first quarter of 2020.
  • Commenced a capital improvement plan for the Company’s Ohio facilities. Management is encouraged by the early results and anticipates further increases in census, driving higher cash rents.
  • Overall portfolio performance continues to stabilize and rent coverage begins to show improvement.
  • When reviewing occupancy for the first quarter of 2020, census levels continue to remain stable in light of the ongoing COVID-19 pandemic.

We made further progress in stabilizing and improving the Company’s property portfolio, as well as continued to settle additional professional liability claims, stated Brent Morrison, Regional’s Chief Executive Officer. The Company also continues to work closely with the Department of Housing and Urban Development for release of funds held in reserve to be used for renovations at the Company’s facilities.

 The Healthcare sector company, Regional Health Properties noticed change of -11.19% to $1.19 along volume of 32765 shares in recent session compared to an average volume of 51.07K shares. The stock observed return of 8.18% in 5 days trading activity. The stock was at -15.00% over one month performance. RHE’s shares are at -13.92% for the quarter and driving a 2.59% return over the course of the past year and is now at -15.00% since this point in 2018.   The average volatility for the week at 23.00% and for month was at 20.14%. There are 1.73M shares outstanding and 1.51M shares are floated in market. Right now the stock beta is 0.45. 

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