Peel Hunt Reiterates Buy Rating for Regional REIT Ltd (RGL)

Peel Hunt reiterated their buy rating on shares of Regional REIT Ltd (LON:RGL) in a research report sent to investors on Tuesday morning. The brokerage currently has a GBX 125 ($1.63) target price on the stock.

Regional REIT (LON:RGL) opened at 104.881 on Tuesday. Regional REIT has a 1-year low of GBX 88.00 and a 1-year high of GBX 111.00. The company’s market cap is GBX 287.60 million. The stock’s 50 day moving average price is GBX 1.07 and its 200-day moving average price is GBX 30.51.

The company also recently disclosed a dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 8th will be issued a GBX 1.75 ($0.02) dividend. This represents a yield of 1.69%. The ex-dividend date of this dividend is Thursday, September 8th.

Regional REIT Company Profile

Regional REIT Limited is a Guernsey-based limited liability company. The Company’s investment objective is to deliver a total return to shareholders, with a focus on income, from investing in the United Kingdom commercial property in the office and industrial sectors in regional centers and urban areas outside London.

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