RDI Reit’s (RDI) “Add” Rating Reaffirmed at Peel Hunt

Peel Hunt reissued their add rating on shares of RDI Reit (LON:RDI) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages have also issued reports on RDI. Berenberg Bank boosted their price target on Jupiter Fund Management from GBX 357 ($4.66) to GBX 360 ($4.70) and gave the company a hold rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. set a $44.00 price target on Charles Schwab and gave the company a buy rating in a research note on Friday, June 21st.

Shares of RDI opened at GBX 111 ($1.45) on Tuesday. RDI Reit has a 12-month low of GBX 98.40 ($1.29) and a 12-month high of GBX 181.25 ($2.37). The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 98.78. The company has a market capitalization of $421.90 million and a price-to-earnings ratio of 14.61. The firm’s 50-day moving average price is GBX 107.12.

The company also recently declared a dividend, which was paid on Tuesday, June 25th. Investors of record on Thursday, June 6th were paid a dividend of GBX 4 ($0.05) per share. This represents a yield of 3.13%. This is a positive change from RDI Reit’s previous dividend of $1.35. The ex-dividend date was Thursday, June 6th. RDI Reit’s payout ratio is currently 1.05%.

In other news, insider Michael J. Watters purchased 16,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were purchased at an average cost of GBX 128 ($1.67) per share, for a total transaction of £20,480 ($26,760.75).

About RDI Reit

RDI is a UK Real Estate Investment Trust (UK-REIT) committed to becoming the UK's leading income focused REIT. The Company's income-led business model and strategic priorities are designed to offer shareholders superior, sustainable and growing income returns, with a target growth in underlying earnings per share of 3%-5% across the medium term.

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