Real Estate Investors PLC. (RLE) Raises Dividend to GBX 0.75 Per Share
Real Estate Investors PLC. (LON:RLE) declared a dividend on Monday, March 20th. Investors of record on Thursday, March 30th will be paid a dividend of GBX 0.75 ($0.01) per share on Friday, April 28th. This represents a yield of 1.25%. The ex-dividend date of this dividend is Thursday, March 30th. This is an increase from Real Estate Investors PLC.’s previous dividend of $0.63. The official announcement can be viewed at this link.
Shares of Real Estate Investors PLC. (LON:RLE) traded up 1.69% during trading on Monday, reaching GBX 60.00. 331,837 shares of the company traded hands. Real Estate Investors PLC. has a 52 week low of GBX 50.00 and a 52 week high of GBX 64.90. The firm has a 50 day moving average of GBX 58.16 and a 200 day moving average of GBX 57.26. The stock’s market capitalization is GBX 111.85 million.
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Separately, Liberum Capital reiterated a “buy” rating and issued a GBX 67 ($0.83) target price on shares of Real Estate Investors PLC. in a research report on Monday, January 30th.
About Real Estate Investors PLC.
Real Estate Investors Plc (REI) is a real estate investment trust (REIT). The Company invests in real estate assets in the markets of central Birmingham and the Midlands. The Company generates rental income from retail, office and residential land and property, new lettings, rent reviews, lease renewals, refurbishment, change of use and planning gains.
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