Necessity Retail REIT (NASDAQ:RTL - Get Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, February 22nd. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.
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NASDAQ RTL opened at $6.62 on Wednesday. Necessity Retail REIT has a 12 month low of $5.46 and a 12 month high of $8.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $888.54 million, a price-to-earnings ratio of -7.52 and a beta of 1.43. The company's fifty day moving average price is $6.40 and its two-hundred day moving average price is $6.70.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, January 13th were paid a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a yield of 12.84%. This is an increase from Necessity Retail REIT's previous quarterly dividend of $0.09. The ex-dividend date was Thursday, January 12th. Necessity Retail REIT's dividend payout ratio is -96.59%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new stake in shares of Necessity Retail REIT during the fourth quarter worth $94,000. Cetera Advisor Networks LLC raised its holdings in shares of Necessity Retail REIT by 3.4% during the fourth quarter. Cetera Advisor Networks LLC now owns 113,374 shares of the company's stock worth $672,000 after purchasing an additional 3,693 shares during the period. Amundi increased its holdings in shares of Necessity Retail REIT by 17.5% in the 4th quarter. Amundi now owns 88,117 shares of the company's stock worth $566,000 after acquiring an additional 13,152 shares during the period. Marshall Wace LLP acquired a new stake in shares of Necessity Retail REIT in the 4th quarter worth about $479,000. Finally, Penserra Capital Management LLC increased its holdings in shares of Necessity Retail REIT by 25.2% in the 4th quarter. Penserra Capital Management LLC now owns 51,772 shares of the company's stock worth $307,000 after acquiring an additional 10,417 shares during the period. 57.04% of the stock is owned by institutional investors and hedge funds.
Necessity Retail REIT, Inc is a real estate investment trust, which engages in the acquiring and managing a portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties. It operates through income-producing properties segment, which consists of activities related to investing in real estate.
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