Real Estate Investors’ (RLE) “Buy” Rating Reiterated at Liberum Capital

Real Estate Investors (LON:RLE)‘s stock had its “buy” rating reiterated by Liberum Capital in a report released on Friday, December 1st, reports.

Shares of Real Estate Investors (LON:RLE) traded down GBX 1 ($0.01) during midday trading on Friday, reaching GBX 58 ($0.78). The company had a trading volume of 89,791 shares, compared to its average volume of 158,483. Real Estate Investors has a 52-week low of GBX 52 ($0.70) and a 52-week high of GBX 65.39 ($0.87). The firm has a market cap of $104.58 and a P/E ratio of 725.00.

In related news, insider Marcus Daly purchased 40,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average cost of GBX 58 ($0.78) per share, for a total transaction of £23,200 ($31,020.19).

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Real Estate Investors Company Profile

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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