Regional REIT Limited (LON:RGL – Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 131.14 ($1.70) and traded as high as GBX 131.80 ($1.71). Regional REIT shares last traded at GBX 130.40 ($1.69), with a volume of 238,656 shares changing hands.
Wall Street Analyst Weigh In
Separately, Shore Capital upgraded shares of Regional REIT to a “hold” rating in a research report on Tuesday, September 10th.
Get Our Latest Stock Analysis on RGL
Regional REIT Price Performance
Regional REIT Increases Dividend
The business also recently disclosed a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a dividend of GBX 2.20 ($0.03) per share. 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 was Thursday, September 19th. Regional REIT’s payout ratio is currently -3,614.46%.
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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