Regional REIT (LON:RGL) Given Buy Rating at Shore Capital

Shore Capital restated their buy rating on shares of Regional REIT (LON:RGLGet Rating) in a research note published on Wednesday, MarketBeat Ratings reports.

Regional REIT Stock Up 2.3 %

Shares of LON:RGL opened at GBX 71.10 ($0.86) on Wednesday. Regional REIT has a 52-week low of GBX 66 ($0.80) and a 52-week high of GBX 96 ($1.16). The stock has a market cap of £366.69 million and a P/E ratio of 1,158.33. The business’s 50 day moving average is GBX 71.71 and its 200 day moving average is GBX 79.47. The company has a quick ratio of 1.13, a current ratio of 1.46 and a debt-to-equity ratio of 89.54.

Regional REIT Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 1st will be given a dividend of GBX 1.65 ($0.02) per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a yield of 2.29%. Regional REIT’s dividend payout ratio (DPR) is presently 105.00%.

Insider Buying and Selling at Regional REIT

In related news, insider Stephen Inglis bought 41,891 shares of the company’s stock in a transaction on Monday, July 4th. The shares were acquired at an average price of GBX 71 ($0.86) per share, with a total value of £29,742.61 ($35,938.39). In other Regional REIT news, insider Stephen Inglis acquired 41,891 shares of the stock in a transaction dated Monday, July 4th. The stock was purchased at an average price of GBX 71 ($0.86) per share, with a total value of £29,742.61 ($35,938.39). Also, insider Daniel J.B. Taylor acquired 5,000 shares of the stock in a transaction dated Friday, August 12th. The stock was acquired at an average cost of GBX 74 ($0.89) per share, with a total value of £3,700 ($4,470.76).

About Regional REIT

(Get Rating)

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 Toscafund Asset Management LLP, the Investment Manager.

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