Regional Health Properties Inc. [RHE] moved up 36.88: Why It’s Important


Regional Health Properties Inc. [AMEX: RHE] price surged by 36.88 percent to reach at $1.01. The company report on June 1, 2022 that Regional Health Properties, Inc. Announces Convening and Adjournment of Special Meeting, Information for Reconvened Special Meeting and Extension of Exchange Offer.

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Regional Health Properties, Inc. (NYSE American: RHE) (NYSE American: RHE-PA) (“RHE” or the “Company”), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care, convened its special meeting (the “Special Meeting”) of the holders of its 10.875% Series A Cumulative Redeemable Preferred Shares (the “Series A Preferred Stock”) and holders of its common stock, no par value (the “Common Stock”), on May 31, 2022. At the Special Meeting, the holders of Series A Preferred Stock and the holders of Common Stock, voting together as a single class, approved the adjournment of the Special Meeting for the purpose of soliciting additional votes for the approval of the Required Proposals (as defined in the Proxy Statement/Prospectus (as defined herein)), and the Special Meeting was adjourned.

The Special Meeting will be reconvened on Monday, July 25, 2022 at 10:00 a.m., Eastern Time, at Sonesta Gwinnett Place Atlanta, located at 1775 Pleasant Hill Road, Duluth, Georgia. The record date for determination of the holders of Series A Preferred Stock and the holders of Common Stock entitled to notice of, and to vote at, the reconvened Special Meeting remains the close of business on February 24, 2022.

A sum of 18030313 shares traded at recent session while its average daily volume was at 19.83K shares. Regional Health Properties Inc. shares reached a high of $5.62 and dropped to a low of $2.60 until finishing in the latest session at $3.73.

Guru’s Opinion on Regional Health Properties Inc. [RHE]:

The Average True Range (ATR) for Regional Health Properties Inc. is set at 0.44, with the Price to Sales ratio for RHE stock in the period of the last 12 months amounting to 0.25. Price to Free Cash Flow for RHE in the course of the last twelve months was 8.35 with Quick ratio for the last quarter at 1.30.

RHE Stock Performance Analysis:

Regional Health Properties Inc. [RHE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 54.13. With this latest performance, RHE shares gained by 49.20% in over the last four-week period, additionally sinking by -7.44% over the last 6 months – not to mention a drop of -69.17% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RHE stock in for the last two-week period is set at 77.38, with the RSI for the last a single of trading hit 86.79, and the three-weeks RSI is set at 69.25 for Regional Health Properties Inc. [RHE]. The present Moving Average for the last 50 days of trading for this stock 2.50, while it was recorded at 2.72 for the last single week of trading, and 4.40 for the last 200 days.

Insight into Regional Health Properties Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Regional Health Properties Inc. [RHE] shares currently have an operating margin of +9.66 and a Gross Margin at +27.19. Regional Health Properties Inc.’s Net Margin is presently recorded at -4.26.

Return on Equity for this stock declined to -10.58, with Return on Assets sitting at -1.06.

Regional Health Properties Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.

Regional Health Properties Inc. [RHE] Insider Position Details

There are presently around $0 million, or 2.10% of RHE stock, in the hands of institutional investors. The top three institutional holders of RHE stocks are: GEODE CAPITAL MANAGEMENT, LLC with ownership of 12,145, which is approximately 0% of the company’s market cap and around 4.50% of the total institutional ownership; BLACKROCK INC., holding 6,805 shares of the stock with an approximate value of $19000.0 in RHE stocks shares; and UBS GROUP AG, currently with $7000.0 in RHE stock with ownership of nearly New of the company’s market capitalization.

Positions in Regional Health Properties Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 4 institutional holders increased their position in Regional Health Properties Inc. [AMEX:RHE] by around 3,907 shares. Additionally, 5 investors decreased positions by around 64,859 shares, while 4 investors held positions by with 43,546 shares. The mentioned changes placed institutional holdings at 25,220 shares, according to the latest SEC report filing. RHE stock had 3 new institutional investments in for a total of 2,878 shares, while 4 institutional investors sold positions of 64,562 shares during the same period.