Industrials REIT Limited (LON:MLI) Insider Paul Arenson Sells 3,000,000 Shares
Insider Paul Arenson of Industrials REIT Limited (LON:MLI – Get Rating) sold 3,000,000 shares of the company in a trade on Thursday, August 18. The stock was sold at an average price of 175 GBX ($2.11), for a total transaction of £5,250,000 ($6,343,644.27).
Industrial REIT trading down 0.8%
Industrials REIT stock opened at GBX 178 ($2.15) on Friday. The stock has a market capitalization of £520.21 million and a P/E ratio of 480.98. The company has a debt ratio of 34.08, a quick ratio of 1.92 and a current ratio of 2.22. Industrials REIT Limited has a fifty-two week minimum of GBX 146 ($1.76) and a fifty-two week maximum of GBX 204 ($2.46). The company’s fifty-day rolling average price is 165.12 GBX and its 200-day rolling average price is 181.85 GBX.
Industrial REIT increases its dividend
The company also recently announced a dividend, which was paid on Friday, August 12. Investors of record on Thursday July 21 received a dividend of 3.48 GBX ($0.04). This represents a return of 1.91%. The ex-dividend date was Thursday, July 21. This is a boost from Industrials REIT’s previous dividend of $3.38. The Industrials REIT’s payout ratio is currently 18.24%.
Analysts set new price targets
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 215 ($2.60) price target on Industrials REIT shares in a Friday, July 29 report.
About Industrial REIT
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Stenprop is a UK REIT listed on the LSE and JSE. The Company’s objective is to provide growing and sustainable income to its investors. Stenprop’s investment policy is to invest in a diversified portfolio of multi-tenancy industrial properties (MLI) in the UK with the strategic objective of becoming the leading MLI business in the UK.
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