Real Estate Investors Plc (LON:RLE) Announces GBX 0.40 Dividend

Real Estate Investors Plc (LON:RLEGet Free Report) declared a dividend on Tuesday, March 25th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 3rd will be paid a dividend of GBX 0.40 ($0.01) per share on Wednesday, April 30th. This represents a dividend yield of 1.37%. The ex-dividend date is Thursday, April 3rd. The official announcement can be accessed at this link.

Real Estate Investors Stock Up 4.6 %

Shares of RLE traded up GBX 1.34 ($0.02) during midday trading on Wednesday, hitting GBX 30.64 ($0.40). The company had a trading volume of 2,368,856 shares, compared to its average volume of 249,825. Real Estate Investors has a 52 week low of GBX 28 ($0.36) and a 52 week high of GBX 37.80 ($0.49). The stock has a market cap of £53.43 million, a price-to-earnings ratio of -4.52 and a beta of 0.66. The company’s 50 day moving average price is GBX 29.86 and its 200 day moving average price is GBX 31.08.

Real Estate Investors (LON:RLEGet Free Report) last announced its earnings results on Tuesday, March 25th. The company reported GBX (1.35) (($0.02)) earnings per share (EPS) for the quarter. Real Estate Investors had a negative net margin of 106.92% and a negative return on equity of 12.67%. Equities analysts anticipate that Real Estate Investors will post 4.3650794 EPS for the current fiscal year.

Insider Transactions at Real Estate Investors

In related news, insider Paul Bassi bought 500,000 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were bought at an average cost of GBX 29 ($0.38) per share, for a total transaction of £145,000 ($187,726.57). Company insiders own 18.86% of the company’s stock.

Real Estate Investors Company Profile

(Get Free Report)

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.

Further Reading

Dividend History for Real Estate Investors (LON:RLE)

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