Real Estate Investors (LON:RLE) Receives Buy Rating from Liberum Capital
Liberum Capital reiterated their buy rating on shares of Real Estate Investors (LON:RLE) in a report published on Monday morning, ThisIsMoney.Co.Uk reports.
LON RLE opened at GBX 56.50 ($0.74) on Monday. The company has a 50-day moving average of GBX 54.73. 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 market cap of $105.33 million and a price-to-earnings ratio of 12.84. The company has a debt-to-equity ratio of 79.11, a current ratio of 2.05 and a quick ratio of 1.35.
The firm also recently announced a dividend, which will be paid on Friday, July 26th. Investors of record on Thursday, June 27th will be given a dividend of GBX 0.94 ($0.01) per share. This is a positive change from Real Estate Investors’s previous dividend of $0.94. The ex-dividend date is Thursday, June 27th. This represents a dividend yield of 1.72%. Real Estate Investors’s dividend payout ratio is presently 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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