Real Estate Investors Plc to Issue Dividend of GBX 0.50 (LON:RLE)

Real Estate Investors Plc (LON:RLE) declared a dividend on Monday, July 1st, Upcoming.Co.Uk reports. Investors of record on Thursday, July 11th will be paid a dividend of GBX 0.50 ($0.01) per share on Wednesday, July 31st. This represents a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, July 11th. The official announcement can be accessed at this link.

Real Estate Investors Stock Performance

Shares of LON RLE opened at GBX 36.84 ($0.47) on Tuesday. The business has a fifty day simple moving average of GBX 35.50 and a 200 day simple moving average of GBX 33.42. The company has a current ratio of 0.22, a quick ratio of 1.61 and a debt-to-equity ratio of 57.39. The firm has a market capitalization of £64.04 million, a price-to-earnings ratio of -740.00 and a beta of 0.67. Real Estate Investors has a one year low of GBX 27.01 ($0.35) and a one year high of GBX 37.80 ($0.48).

Insider Activity at Real Estate Investors

In related news, insider Paul Bassi acquired 107,165 shares of the company’s stock in a transaction on Friday, June 21st. The stock was purchased at an average cost of GBX 36 ($0.46) per share, for a total transaction of £38,579.40 ($49,416.42). In related news, insider Paul Bassi acquired 107,165 shares of the company’s stock in a transaction on Friday, June 21st. The stock was purchased at an average cost of GBX 36 ($0.46) per share, for a total transaction of £38,579.40 ($49,416.42). Also, insider Marcus Daly acquired 250,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were bought at an average price of GBX 37 ($0.47) per share, with a total value of £92,500 ($118,483.41). 35.05% of the stock is currently owned by corporate insiders.

About Real Estate Investors

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.