Regional REIT Limited (LON:RGL – Get Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 99.20 ($1.31) and traded as high as GBX 137.60 ($1.82). Regional REIT shares last traded at GBX 133.80 ($1.77), with a volume of 220,620 shares.
Wall Street Analyst Weigh In
Separately, Shore Capital raised Regional REIT to a “hold” rating in a report on Tuesday, September 10th.
Regional REIT Price Performance
Regional REIT Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be given a dividend of GBX 2.20 ($0.03) per share. This is a boost from Regional REIT’s previous dividend of $1.20. This represents a yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 19th. Regional REIT’s dividend payout ratio (DPR) is currently -3,614.46%.
Insider Activity at Regional REIT
In related news, insider Massy Larizadeh purchased 102,214 shares of Regional REIT stock in a transaction that occurred on Friday, July 19th. The stock was bought at an average cost of GBX 10 ($0.13) per share, for a total transaction of £10,221.40 ($13,502.51). 21.73% of the stock is owned by company insiders.
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.
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