Industrials REIT (LON:MLI) Hits New 1-Year Low on Analyst Downgrade

Industrials REIT Limited (LON:MLI – Get Rating)’s stock price reached a new 52-week low on Tuesday after Berenberg Bank lowered their price target on the stock from GBX 225 to GBX 215. Berenberg Bank currently has a buy rating on the stock. Industrials REIT traded as low as GBX 170 ($2.08) and last traded at GBX 172.50 ($2.11), with a volume of 72340 shares trading hands. The stock had previously closed at GBX 176.50 ($2.16).

In related news, insider Louisa Bell purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The stock was bought at an average price of GBX 174 ($2.13) per share, with a total value of £34,800 ($42,626.16).

The company has a market cap of £492.56 million and a PE ratio of 4.60. The firm’s fifty day moving average is GBX 186.12 and its 200 day moving average is GBX 191.24. The company has a current ratio of 2.22, a quick ratio of 1.92 and a debt-to-equity ratio of 34.08.

The business also recently declared a dividend, which will be paid on Friday, August 12th. Investors of record on Thursday, July 21st will be issued a GBX 3.48 ($0.04) dividend. This represents a yield of 1.91%. The ex-dividend date of this dividend is Thursday, July 21st. This is a positive change from Industrials REIT’s previous dividend of $3.38. Industrials REIT’s payout ratio is presently 0.18%.

Industrials REIT Company Profile (LON:MLI)

Stenprop is a UK REIT listed on the LSE and the JSE. The objective of the Company is to deliver sustainable growing income to its investors. Stenprop's investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the UK.

Recommended Stories