Insider Buying: RDI Reit PLC (RDI) Insider Acquires 67,000 Shares of Stock

RDI Reit PLC (LON:RDI) insider Michael J. Watters bought 67,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were bought at an average price of GBX 36 ($0.49) per share, with a total value of £24,120 ($32,709.52).

Shares of RDI Reit PLC (LON:RDI) opened at GBX 36.25 ($0.49) on Friday. RDI Reit PLC has a 12 month low of GBX 33.25 ($0.45) and a 12 month high of GBX 40.95 ($0.56). The firm has a market cap of $691.56 and a PE ratio of 906.25.

A number of analysts have recently issued reports on RDI shares. Peel Hunt restated a “buy” rating and set a GBX 48 ($0.65) target price on shares of RDI Reit in a research note on Friday, December 1st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 43 ($0.58) price objective on shares of RDI Reit in a research note on Thursday, November 2nd.

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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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