Regional REIT Limited (LON:RGL – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 128.30 ($1.72) and traded as high as GBX 131.60 ($1.76). Regional REIT shares last traded at GBX 129.21 ($1.73), with a volume of 727,893 shares traded.
Analyst Ratings Changes
Separately, Shore Capital raised shares of Regional REIT to a “hold” rating in a research report on Tuesday, September 10th.
Regional REIT Price Performance
Regional REIT Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be issued a GBX 2.20 ($0.03) dividend. This is an increase from Regional REIT’s previous dividend of $1.20. This represents a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 19th. Regional REIT’s dividend payout ratio is presently -3,614.46%.
Insider Transactions at Regional REIT
In other Regional REIT 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 price of GBX 10 ($0.13) per share, for a total transaction of £10,221.40 ($13,672.28). Insiders own 21.73% of the company’s stock.
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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