RDI Reit (LON:RDI) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt restated their add rating on shares of RDI Reit (LON:RDI) in a research note published on Tuesday, June 25th, ThisIsMoney.Co.Uk reports.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. set a $44.00 target price on shares of Charles Schwab and gave the company a buy rating in a report on Friday, June 21st. Berenberg Bank increased their target price on shares of Jupiter Fund Management from GBX 357 ($4.66) to GBX 360 ($4.70) and gave the company a hold rating in a report on Tuesday, April 30th.

Shares of RDI stock remained flat at $GBX 111 ($1.45) on Tuesday. 124,464 shares of the stock traded hands, compared to its average volume of 2,120,000. The company has a 50-day moving average of GBX 106.36. The company has a market capitalization of $368.69 million and a P/E ratio of 14.61. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 98.78. RDI Reit has a 52 week low of GBX 98.40 ($1.29) and a 52 week high of GBX 179.25 ($2.34).

The company also recently announced a dividend, which was paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th were issued a GBX 4 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a dividend yield of 3.13%. This is an increase from RDI Reit’s previous dividend of $1.35. RDI Reit’s dividend payout ratio is currently 1.05%.

In other news, insider Michael J. Watters bought 16,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was bought at an average price of GBX 128 ($1.67) per share, for a total transaction of £20,480 ($26,760.75).

RDI Reit Company Profile

RDI is a UK Real Estate Investment Trust (UK-REIT) committed to becoming the UK's leading income focused REIT. The Company's income-led business model and strategic priorities are designed to offer shareholders superior, sustainable and growing income returns, with a target growth in underlying earnings per share of 3%-5% across the medium term.

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