Regional REIT Ltd (RGL) Stock Rating Reaffirmed by Peel Hunt
Regional REIT Ltd (LON:RGL)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a note issued to investors on Tuesday. They currently have a GBX 125 ($1.63) price objective on the stock. Peel Hunt’s price objective indicates a potential upside of 14.16% from the stock’s previous close.
Regional REIT (LON:RGL) opened at 106.00 on Tuesday. Regional REIT has a 12-month low of GBX 1.00 and a 12-month high of GBX 111.00. The firm’s 50 day moving average price is GBX 1.06 and its 200-day moving average price is GBX 35.75. The company’s market capitalization is GBX 290.67 million.
The company also recently announced a dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 8th will be given a GBX 1.75 ($0.02) dividend. The ex-dividend date is Thursday, September 8th. This represents a yield of 1.69%.
About Regional REIT
Regional REIT Limited is a Guernsey-based limited liability company. The Company’s investment objective is to deliver a total return to shareholders, with a focus on income, from investing in the United Kingdom commercial property in the office and industrial sectors in regional centers and urban areas outside London.
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