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Necessity Retail REIT, Inc. (NASDAQ:RTL – Get Rating) experienced a significant increase in short selling rates in January. As of Jan. 15, there were a total of 4.52 million shares shorted, an increase of 86.8% from the Dec. 31 total of 2.42 million shares. About 3.4% of the company’s shares have been sold short. Based on his average daily trading volume of 714,500 shares, the ratio of days covered is now 6.3 days.
Commodity retail REIT deals up 0.8%
RTL shares rose $0.05 to $6.71 in intraday trading on Friday. His 485,419 shares in the company were exchanged, but the average trading volume was his 707,153 shares. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt to equity ratio of 0.59. The company has a market capitalization of $964 million, a P/E ratio of -7.63 and a beta of 1.39. His 50-day simple moving average for this business is $6.39 and his 200-day simple moving average is $6.79. The Necessity Retail REIT hit a 12-month low of $5.46 and a 12-month high of $8.64.
Necessity Retail REIT Increases Dividend
The company recently announced its quarterly dividend, which was paid on Tuesday, January 17th. A dividend of $0.2125 was paid to record shareholders on Friday, January 13. This is a positive change from Necessity Retail REIT’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, January 12. This represents his dividend of $0.85 and a dividend yield of 12.67% on an annualized basis. Necessity Retail REIT’s Dividend Payout Ratio (DPR) is currently at -96.59%.
institution inflow and outflow
Several hedge funds and other institutional investors have recently changed their positions in RTL. Moisand Fitzgerald Tamayo LLC purchased a new position in his Necessity Retail REIT in the fourth quarter for approximately $28,000. Beacon Capital Management LLC raised his stake in Necessity Retail REIT by 59.0% in the fourth quarter. Beacon Capital Management LLC now owns 8,458 shares worth $52,000 after acquiring an additional 3,137 shares during the previous quarter. WealthPlan Investment Management LLC purchased a new position in his Necessity Retail REIT in the third quarter for approximately $84,000. M&T Bank Corp purchased a new position in Necessity Retail REIT in the third quarter for a value of approximately $94,000. Finally, Arkadios Wealth Advisors increased Necessity Retail REIT shares by 47.0% in the fourth quarter. Arkadios Wealth Advisors now owns 21,628 shares of the company worth $128,000 after acquiring an additional 6,918 of his shares during the previous quarter. Hedge funds and other institutional investors own 57.04% of the company’s shares.
Necessity Retail REIT Company Profile
(get rating)
Necessity Retail REIT, Inc is a real estate investment trust primarily engaged in the acquisition and management of a portfolio of service-oriented traditional retail and distribution related commercial properties. It operates through its revenue-generating real estate segment, which consists of activities related to investments in real estate.
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