RDI Reit’s (RDI) Buy Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of RDI Reit (LON:RDI) in a report released on Friday. Peel Hunt currently has a GBX 48 ($0.64) price objective on the stock.

Separately, JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 43 ($0.57) price objective on shares of RDI Reit in a research note on Thursday, November 2nd.

RDI Reit (RDI) opened at GBX 36.30 ($0.49) on Friday. RDI Reit has a one year low of GBX 33.25 ($0.44) and a one year high of GBX 40.95 ($0.55). The firm has a market capitalization of $713.47 and a P/E ratio of 907.50.

The business also recently disclosed a dividend, which was paid on Monday, December 18th. Investors of record on Thursday, November 30th were paid a GBX 1.30 ($0.02) dividend. This represents a dividend yield of 3.49%. The ex-dividend date was Thursday, November 30th.

In related news, insider Marc Wainer acquired 3,157,846 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of GBX 40 ($0.53) per share, with a total value of £1,263,138.40 ($1,688,913.49).

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About RDI Reit

RDI Reit PLC, formerly Redefine International P.L.C., is a United Kingdom-based real estate investment trust. The Company’s segments include UK Retail, UK Hotels, UK Commercial, Europe and Other. The UK Retail segment consists of approximately six shopping centers and over five retail parks. The UK Hotels segment consists of approximately eight hotels in Greater London and South East, England and over one hotel in Edinburgh, Scotland, and holds interests in Redefine BDL Hotel Group Limited, which leases and manages its hotel properties except for the Enfield Travelodge.

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