Regional REIT Limited (LON:RGL – Get Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 113.93 ($1.53) and traded as high as GBX 137 ($1.83). Regional REIT shares last traded at GBX 135.60 ($1.82), with a volume of 413,632 shares.
Wall Street Analyst Weigh In
Separately, Shore Capital raised shares of Regional REIT to a “hold” rating in a research report on Tuesday, September 10th.
Check Out Our Latest Analysis on Regional REIT
Regional REIT Stock Performance
Regional REIT Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a GBX 2.20 ($0.03) dividend. This is a positive change from Regional REIT’s previous dividend of $1.20. This represents a yield of 1.73%. The ex-dividend date is Thursday, September 19th. Regional REIT’s dividend payout ratio is currently -3,614.46%.
Insider Transactions 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 purchased at an average cost of GBX 10 ($0.13) per share, with a total value of £10,221.40 ($13,686.93). Insiders own 21.73% of the company’s stock.
Regional REIT Company Profile
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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