Peel Hunt reaffirmed their add rating on shares of RDI Reit (LON:RDI) in a research report released on Tuesday, ThisIsMoney.Co.Uk reports.
RDI has been the subject of several other research reports. JPMorgan Chase & Co. set a $44.00 price objective on Charles Schwab and gave the stock a buy rating in a report on Friday, June 21st. Berenberg Bank boosted their price objective on Jupiter Fund Management from GBX 357 ($4.66) to GBX 360 ($4.70) and gave the stock a hold rating in a report on Tuesday, April 30th.
Shares of LON RDI opened at GBX 109 ($1.42) on Tuesday. RDI Reit has a 12 month low of GBX 98.40 ($1.29) and a 12 month high of GBX 181.25 ($2.37). The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 98.78. The stock has a market capitalization of $414.30 million and a price-to-earnings ratio of 14.34. The stock’s 50-day simple moving average is GBX 107.27.
The firm also recently disclosed a dividend, which was paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th were issued a dividend of GBX 4 ($0.05) per share. This is a positive change from RDI Reit’s previous dividend of $1.35. The ex-dividend date was Thursday, June 6th. This represents a dividend yield of 3.13%. RDI Reit’s payout ratio is presently 1.05%.
In other RDI Reit news, insider Michael J. Watters acquired 16,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was bought at an average price of GBX 128 ($1.67) per share, with a total value of £20,480 ($26,760.75).
RDI Reit Company Profile
RDI is a UK Real Estate Investment Trust (UK-REIT) committed to becoming the UK's leading income focused REIT. The Company's income-led business model and strategic priorities are designed to offer shareholders superior, sustainable and growing income returns, with a target growth in underlying earnings per share of 3%-5% across the medium term.
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