Regional REIT Limited (LON:RGL) Declares Dividend Increase – GBX 2.20 Per Share

Regional REIT Limited (LON:RGLGet Free Report) announced a dividend on Tuesday, September 10th, Upcoming.Co.Uk reports. Stockholders 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 dividend yield of 1.73%. The ex-dividend date is Thursday, September 19th. This is a positive change from Regional REIT’s previous dividend of $1.20. The official announcement can be accessed at this link.

Regional REIT Price Performance

RGL stock opened at GBX 136.62 ($1.80) on Wednesday. The firm has a 50 day moving average of GBX 96.78 and a 200-day moving average of GBX 46.78. Regional REIT has a 12-month low of GBX 115 ($1.52) and a 12-month high of GBX 358 ($4.73). The company has a current ratio of 0.68, a quick ratio of 1.30 and a debt-to-equity ratio of 139.50. The company has a market cap of £221.45 million, a price-to-earnings ratio of -164.82 and a beta of 0.90.

Insider Buying and Selling

In related news, insider Massy Larizadeh acquired 102,214 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was purchased at an average cost of GBX 10 ($0.13) per share, for a total transaction of £10,221.40 ($13,502.51). Insiders own 21.73% of the company’s stock.

Analysts Set New Price Targets

Separately, Shore Capital upgraded shares of Regional REIT to a “hold” rating in a research report on Tuesday, September 10th.

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Regional REIT Company Profile

(Get Free Report)

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.

See Also

Dividend History for Regional REIT (LON:RGL)

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