2022-11-25 11:15:58

Has the tumbling Home REIT share price become a bargain?

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Invezz
By Crispus Nyaga

By:

Crispus Nyaga

Crispus is a Financial Analyst for Invezz covering the stock, cryptocurrency and forex markets. He’s an experienced analyst with… read more.

on Nov 25, 2022

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  • Home REIT stock price plunged to an all-time low this week.
  • Viceroy Research published an extremely bearish report.
  • The overall trend is barish but a short-term rebound can’t be ruled out.

Home REIT (LON: HOME) share price has been in a freefall in the past few days as investors react to a stinging short-seller report. The stock plunged to a low of 53.5p, which was the lowest level on record. Its lowest level was about 58% below its all-time high.

Viceroy Research report

Home REIT is a company in the real estate industry. It buys and invests in a diversified portfolio of houses for people facing homelessness, housing associations, and other organisations. As such, in many cases, the company provides homes to people who cannot afford them.

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