Bassi,Paul Buys 20,000 Shares of Real Estate Investors PLC. (RLE) Stock
Real Estate Investors PLC. (LON:RLE) insider Bassi,Paul acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were bought at an average price of GBX 58 ($0.76) per share, with a total value of £11,600 ($15,141.63).
Real Estate Investors PLC. (LON:RLE) opened at 61.00 on Wednesday. Real Estate Investors PLC. has a 52-week low of GBX 50.00 and a 52-week high of GBX 72.00. The firm’s 50-day moving average is GBX 54.39 and its 200-day moving average is GBX 58.70. The stock’s market cap is GBX 113.72 million.
The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, September 29th will be issued a GBX 0.63 ($0.01) dividend. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, September 29th.
Separately, Liberum Capital reissued a “buy” rating and set a GBX 70 ($0.91) target price on shares of Real Estate Investors PLC. in a research report on Monday.
Real Estate Investors PLC. Company Profile
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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