Capital & Regional (LON:CAL) PT Raised to GBX 75

Capital & Regional (LON:CAL) had its price target hoisted by Berenberg Bank from GBX 65 ($0.83) to GBX 75 ($0.96) in a research note released on Monday, MarketBeat.com reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Capital & Regional Stock Performance

CAL opened at GBX 66.60 ($0.85) on Monday. The company has a quick ratio of 1.58, a current ratio of 0.72 and a debt-to-equity ratio of 112.28. The firm has a market cap of £149.79 million, a PE ratio of 3,330.00, a P/E/G ratio of 1.40 and a beta of 1.68. The business has a fifty day simple moving average of GBX 63.54 and a 200-day simple moving average of GBX 56.50. Capital & Regional has a fifty-two week low of GBX 48.88 ($0.62) and a fifty-two week high of GBX 68.61 ($0.88).

Capital & Regional Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be issued a dividend of GBX 2.85 ($0.04) per share. The ex-dividend date is Thursday, September 5th. This represents a yield of 4.38%. Capital & Regional’s payout ratio is presently 30,000.00%.

About Capital & Regional

Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate their catchment, serving the non-discretionary and value orientated needs of the local communities. It has a track record of delivering value enhancing retail and leisure asset management opportunities across a portfolio of tailored in-town community shopping centres.