RHE Stock Summary and Trading Ideas (Regional Health Props | AMEX:RHE)

Regional Health Properties Inc is a self-managed healthcare real estate investment company that invests in real estate purposed for senior living and long-term healthcare through facility lease and sub-lease transactions. It has two reportable segments real estate segment and the healthcare services segment. It derives the majority of its revenue from the healthcare services segment. Its portfolio of properties is diversified across various states, with concentrations in Georgia and Ohio.

Regional Health Props trades on the AMEX stock market under the symbol RHE.

As of May 14, 2024, RHE stock price declined to $2.83 with 1,837 million shares trading.

RHE has a market cap of $5.32 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, RHE stock traded as high as $19.40 and as low as $1.35.

The top ETF exchange traded funds that RHE belongs to (by Net Assets): VXF.

RHE has underperformed the market in the last year with a price return of -17.9% while the SPY ETF gained +28.8%. However, in the short term, RHE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +33.3% vs +6.2% return in SPY. But in the last 2 weeks, RHE shares have been beat by the market, returning -2.6% compared to an SPY return of +2.6%.

RHE support price is $2.79 and resistance is $3.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RHE stock will trade within this expected range on the day.