RDI Reit PLC (LON:RDI)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 116.80 ($1.53) and last traded at GBX 118.60 ($1.55), with a volume of 118458 shares trading hands. The stock had previously closed at GBX 120.20 ($1.57).
RDI has been the subject of several recent analyst reports. Peel Hunt reaffirmed a “buy” rating on shares of RDI Reit in a research report on Monday, January 28th. Berenberg Bank upped their price objective on shares of RDI Reit from GBX 40 ($0.52) to GBX 190 ($2.48) and gave the stock a “buy” rating in a research report on Friday, February 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of RDI Reit from GBX 41 ($0.54) to GBX 205 ($2.68) and gave the stock a “neutral” rating in a research report on Wednesday, February 20th.
The firm has a market capitalization of $450.79 million and a P/E ratio of 15.61. The company has a debt-to-equity ratio of 98.78, a quick ratio of 0.81 and a current ratio of 0.85.
In related news, insider Michael J. Watters bought 16,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was purchased at an average price of GBX 128 ($1.67) per share, with a total value of £20,480 ($26,760.75).
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RDI Reit Company Profile (LON:RDI)
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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