Berenberg Bank Trims Industrials REIT (LON:MLI) Target Price to GBX 215

Industrials REIT (LON:MLI – Get Rating) had its price target reduced by Berenberg Bank from GBX 225 ($2.76) to GBX 215 ($2.63) in a research report released on Tuesday, Marketbeat reports. Berenberg Bank currently has a buy rating on the stock.

LON MLI opened at GBX 165 ($2.02) on Tuesday. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 34.08. Industrials REIT has a 12-month low of GBX 165 ($2.02) and a 12-month high of GBX 204 ($2.50). The company has a market capitalization of £482.22 million and a PE ratio of 4.50. The firm’s 50 day moving average is GBX 185.42 and its 200-day moving average is GBX 191.07.

The company also recently announced a dividend, which will be paid on Friday, August 12th. Investors of record on Thursday, July 21st will be paid a GBX 3.48 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, July 21st. This is a boost from Industrials REIT’s previous dividend of $3.38. This represents a dividend yield of 1.91%. Industrials REIT’s dividend payout ratio (DPR) is currently 0.18%.

In other news, insider Louisa Bell bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 20th. The stock was acquired at an average cost of GBX 174 ($2.13) per share, with a total value of £34,800 ($42,626.16).

Industrials REIT Company Profile (Get Rating)

Stenprop is a UK REIT listed on the LSE and the JSE. The objective of the Company is to deliver sustainable growing income to its investors. Stenprop's investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the UK.

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