Real Estate Investors (RLE) Given “Buy” Rating at Liberum Capital

Liberum Capital reiterated their buy rating on shares of Real Estate Investors (LON:RLE) in a research note released on Monday. They currently have a GBX 70 ($0.95) price objective on the stock.

Real Estate Investors (LON:RLE) opened at GBX 56 ($0.76) on Monday. Real Estate Investors has a twelve month low of GBX 52 ($0.71) and a twelve month high of GBX 65.39 ($0.89). The firm has a market capitalization of $94.38 and a price-to-earnings ratio of 700.00.

The firm also recently declared a dividend, which will be paid on Friday, January 26th. Stockholders of record on Thursday, December 28th will be issued a dividend of GBX 0.75 ($0.01) per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a dividend yield of 1.26%.

In other news, insider Marcus Daly bought 40,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were purchased at an average price of GBX 58 ($0.79) per share, for a total transaction of £23,200 ($31,461.89).

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Real Estate Investors 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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