Regional REIT Limited (LON:RGL) Plans Dividend Increase – GBX 2.20 Per Share

Regional REIT Limited (LON:RGL) announced a dividend on Tuesday, September 10th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 19th will be paid a dividend of GBX 2.20 ($0.03) per share on Friday, October 18th. This represents a dividend yield of 1.73%. The ex-dividend date is Thursday, September 19th. This is a positive change from Regional REIT’s previous dividend of $1.20. The official announcement can be accessed at this link.

Regional REIT Stock Up 0.4 %

Shares of LON:RGL opened at GBX 128.50 ($1.68) on Tuesday. The company has a 50 day moving average price of GBX 82.63 and a two-hundred day moving average price of GBX 42.46. The company has a debt-to-equity ratio of 139.50, a quick ratio of 1.30 and a current ratio of 0.68. The company has a market capitalization of £208.29 million, a PE ratio of -153.61 and a beta of 0.90. Regional REIT has a 52 week low of GBX 115 ($1.50) and a 52 week high of GBX 452.50 ($5.92).

Insider Transactions at Regional REIT

In related news, insider Massy Larizadeh purchased 102,214 shares of the business’s stock in a transaction on Friday, July 19th. The shares were purchased at an average price of GBX 10 ($0.13) per share, with a total value of £10,221.40 ($13,366.55). 21.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “sell” rating on shares of Regional REIT in a research note on Thursday, June 27th.

About Regional REIT

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 ARA Europe Private Markets Limited, the Investment Adviser.