Shares of RDI Reit PLC (LON:RDI) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $119.92 and traded as low as $104.60. RDI Reit shares last traded at $104.87, with a volume of 278,054 shares traded.
Several research analysts have recently commented on the company. Berenberg Bank downgraded RDI Reit to a “hold” rating and decreased their price objective for the stock from GBX 190 ($2.48) to GBX 140 ($1.83) in a report on Tuesday, April 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 120 ($1.57) price target on shares of RDI Reit in a report on Friday, June 21st. Finally, Peel Hunt reissued an “add” rating on shares of RDI Reit in a report on Friday, August 9th.
The firm’s 50 day moving average is GBX 109.07 and its two-hundred day moving average is GBX 119.92. The stock has a market capitalization of $397.57 million and a PE ratio of 13.76. The company has a debt-to-equity ratio of 98.78, a quick ratio of 0.81 and a current ratio of 0.85.
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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