Liberum Capital Reiterates “Buy” Rating for Real Estate Investors PLC. (RLE)
Real Estate Investors PLC. (LON:RLE)‘s stock had its “buy” rating restated by equities researchers at Liberum Capital in a report released on Monday. They currently have a GBX 70 ($0.91) price target on the stock. Liberum Capital’s price target would indicate a potential upside of 14.75% from the company’s current price.
Shares of Real Estate Investors PLC. (LON:RLE) opened at 60.00 on Monday. The company’s market capitalization is GBX 111.85 million. The company’s 50-day moving average price is GBX 54.39 and its 200-day moving average price is GBX 58.70. Real Estate Investors PLC. has a 52-week low of GBX 50.00 and a 52-week high of GBX 72.00.
The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, September 29th will be issued a dividend of GBX 0.63 ($0.01) per share. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, September 29th.
In other news, insider Bassi,Paul acquired 20,000 shares of Real Estate Investors PLC. stock in a transaction dated Monday, September 19th. The stock was bought at an average price of GBX 58 ($0.76) per share, for a total transaction of £11,600 ($15,141.63).
Real Estate Investors PLC. Company Profile
Real Estate Investors Plc (REI) is a real estate investment trust (REIT). The Company invests in real estate assets in the markets of central Birmingham and the Midlands. The Company generates rental income from retail, office and residential land and property, new lettings, rent reviews, lease renewals, refurbishment, change of use and planning gains.
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