The Necessity Retail REIT, Inc. (NASDAQ:RTLPP – Get Rating) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 2,500 shares, a drop of 44.4% from the April 30th total of 4,500 shares. Based on an average daily volume of 10,900 shares, the days-to-cover ratio is currently 0.2 days.
Necessity Retail REIT Stock Down 0.1 %
Shares of NASDAQ RTLPP opened at $19.49 on Friday. The firm’s 50-day simple moving average is $20.16. Necessity Retail REIT has a 1 year low of $18.70 and a 1 year high of $24.83.
Necessity Retail REIT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Thursday, April 6th were issued a dividend of $0.4688 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.62%. The ex-dividend date was Wednesday, April 5th.
Necessity Retail REIT Company Profile
The Necessity Retail REIT (Nasdaq: RTL) is a publicly traded real estate investment trust listed on Nasdaq focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S. Additional information about RTL can be found on its website at www.necessityretailreit.com.
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