Capital & Regional Plc (LON:CAL – Get Free Report) rose 19.5% on Thursday . The company traded as high as GBX 61.60 ($0.78) and last traded at GBX 61.53 ($0.78). Approximately 1,777,660 shares were traded during trading, an increase of 1,511% from the average daily volume of 110,332 shares. The stock had previously closed at GBX 51.50 ($0.65).
Wall Street Analyst Weigh In
CAL has been the subject of a number of research analyst reports. Numis Securities reiterated an “add” rating and issued a GBX 65 ($0.83) price target on shares of Capital & Regional in a research note on Friday, March 8th. Berenberg Bank reduced their price objective on Capital & Regional from GBX 68 ($0.86) to GBX 65 ($0.83) and set a “buy” rating for the company in a research note on Tuesday, May 14th.
Get Our Latest Stock Report on CAL
Capital & Regional Stock Performance
Capital & Regional Increases Dividend
The business also recently announced a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 11th will be issued a dividend of GBX 2.95 ($0.04) per share. This represents a yield of 5.68%. This is a positive change from Capital & Regional’s previous dividend of $2.75. The ex-dividend date is Thursday, April 11th. Capital & Regional’s dividend payout ratio (DPR) is 30,000.00%.
Capital & Regional Company Profile
Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate their catchment, serving the non-discretionary and value orientated needs of the local communities. It has a track record of delivering value enhancing retail and leisure asset management opportunities across a portfolio of tailored in-town community shopping centres.
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