RDI Reit (RDI) Rating Reiterated by Peel Hunt

Peel Hunt reissued their add rating on shares of RDI Reit (LON:RDI) in a report published on Tuesday, ThisIsMoney.Co.Uk reports.

Several other research analysts have also recently weighed in on the company. Berenberg Bank cut RDI Reit to a hold rating and reduced their price target for the company from GBX 190 ($2.48) to GBX 140 ($1.83) in a research report on Tuesday, April 30th. JPMorgan Chase & Co. boosted their price objective on RDI Reit from GBX 41 ($0.54) to GBX 205 ($2.68) and gave the company a neutral rating in a research report on Wednesday, February 20th.

Shares of RDI stock opened at GBX 122 ($1.59) on Tuesday. The company has a debt-to-equity ratio of 98.78, a current ratio of 0.85 and a quick ratio of 0.81. The company has a market cap of $463.71 million and a P/E ratio of 16.05. RDI Reit has a twelve month low of GBX 119.80 ($1.57) and a twelve month high of GBX 190.50 ($2.49).

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th will be given a GBX 4 ($0.05) dividend. The ex-dividend date is Thursday, June 6th. This is a boost from RDI Reit’s previous dividend of $1.35. This represents a dividend yield of 3.13%. RDI Reit’s payout ratio is 1.05%.

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

About RDI Reit

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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