Regional Health Properties (NYSEAMERICAN:RHE) Stock Price Up 0.7%

Regional Health Properties, Inc. (NYSEAMERICAN:RHE)’s stock price shot up 0.7% on Thursday . The company traded as high as $2.92 and last traded at $2.88. Approximately 9,776 shares changed hands during trading, an increase of 84% from the average session volume of 5,308 shares. The stock had previously closed at $2.86.

Regional Health Properties Trading Up 0.7 %

The stock has a market capitalization of $5.30 million, a P/E ratio of 0.15 and a beta of 1.23.

Regional Health Properties (NYSEAMERICAN:RHE) last issued its quarterly earnings results on Monday, April 1st. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $4.52 million for the quarter.

Institutional Investors Weigh In On Regional Health Properties

Several hedge funds have recently made changes to their positions in RHE. Susquehanna International Group LLP acquired a new position in Regional Health Properties in the 1st quarter valued at approximately $106,000. Renaissance Technologies LLC increased 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 valued at $89,000 after buying an additional 10,098 shares during the period. Two Sigma Securities LLC acquired a new position in Regional Health Properties in the 1st quarter valued at approximately $54,000. Finally, Vanguard Group Inc. increased its stake in Regional Health Properties by 45.4% in the 3rd quarter. Vanguard Group Inc. now owns 15,261 shares of the company’s stock valued at $33,000 after buying an additional 4,762 shares during the period. Hedge funds and other institutional investors own 1.02% of the company’s stock.

About Regional Health Properties

Regional Health Properties, Inc, through its subsidiaries, operates as a self-managed real estate investment company that invests primarily in real estate purposed for long-term care and senior living. Its business principally consists of leasing and subleasing such facilities to third-party tenants, which operate the facilities.