Real Estate Investors PLC. (RLE) Insider Acquires £23,200 in Stock
Real Estate Investors PLC. (LON:RLE) insider Marcus Daly acquired 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were purchased at an average cost of GBX 58 ($0.78) per share, for a total transaction of £23,200 ($31,224.76).
Real Estate Investors PLC. (RLE) traded down GBX 2 ($0.03) on Wednesday, reaching GBX 58.50 ($0.79). 45,238 shares of the company’s stock traded hands, compared to its average volume of 152,247. Real Estate Investors PLC. has a 1-year low of GBX 52 ($0.70) and a 1-year high of GBX 65.39 ($0.88).
Separately, Liberum Capital restated a “buy” rating and set a GBX 70 ($0.94) target price on shares of Real Estate Investors in a research note on Wednesday, November 8th.
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Real Estate Investors Plc (REI) is a real estate investment trust (REIT). The Company invests in real estate assets in the markets of central Birmingham and the Midlands. The Company generates rental income from retail, office and residential land and property, new lettings, rent reviews, lease renewals, refurbishment, change of use and planning gains.
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