Regional REIT Limited (RGL) to Issue Dividend of GBX 2.20 on October 18th

Regional REIT Limited (LON:RGL) announced a dividend on Tuesday, September 10th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 19th will be given a dividend of GBX 2.20 ($0.03) per share on Friday, October 18th. This represents a yield of 1.73%. The ex-dividend date is Thursday, September 19th. This is a boost from Regional REIT’s previous dividend of $1.20. The official announcement can be seen at this link.

Regional REIT Price Performance

Regional REIT stock opened at GBX 131.60 ($1.72) on Thursday. The stock has a market capitalization of £213.32 million, a price-to-earnings ratio of -154.70 and a beta of 0.90. Regional REIT has a 52-week low of GBX 115 ($1.50) and a 52-week high of GBX 400 ($5.23). The company has a debt-to-equity ratio of 139.50, a quick ratio of 1.30 and a current ratio of 0.68. The stock’s 50 day moving average price is GBX 87.14 and its two-hundred day moving average price is GBX 43.76.

Insider Transactions at Regional REIT

In other news, insider Massy Larizadeh purchased 102,214 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average cost of GBX 10 ($0.13) per share, with a total value of £10,221.40 ($13,366.55). Insiders own 21.73% of the company’s stock.

Analysts Set New Price Targets

Separately, Shore Capital raised shares of Regional REIT to a “hold” rating in a research note on Tuesday.

About Regional REIT

Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and ARA Europe Private Markets Limited, the Investment Adviser.