Real Estate Investors (LON:RLE) Receives “Buy” Rating from Liberum Capital
Liberum Capital reaffirmed their buy rating on shares of Real Estate Investors (LON:RLE) in a research report sent to investors on Monday, ThisIsMoney.Co.Uk reports.
LON:RLE remained flat at $GBX 56.50 ($0.74) during trading hours on Monday. 43,749 shares of the company’s stock traded hands, compared to its average volume of 70,117. The stock has a market capitalization of $105.33 million and a PE ratio of 12.84. Real Estate Investors has a 12 month low of GBX 48 ($0.63) and a 12 month high of GBX 58.88 ($0.77). The company has a current ratio of 2.05, a quick ratio of 1.35 and a debt-to-equity ratio of 79.11. The business’s 50-day moving average price is GBX 54.68.
The business also recently announced a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 27th will be given a dividend of GBX 0.94 ($0.01) per share. This represents a yield of 1.72%. The ex-dividend date of this dividend is Thursday, June 27th. This is an increase from Real Estate Investors’s previous dividend of $0.94. Real Estate Investors’s payout ratio is currently 0.91%.
Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.5 million sq ft of predominantly commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.
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