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Prices & Quotes - UK Markets - LXI Reit (LXI)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 133.40p
Change Today:
1.20p
Market Cap:
829.52m
Sector:
Real Estate Investment Trusts

LXI REIT hikes annual dividend target

By Iain Gilbert

Date: Thursday 11 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Real estate investment trust LXI REIT hiked its annual dividend target to 6.0p on Thursday following successive quarters of strong rent collection and rental growth.
LXI, which also declared an interim quarterly revenue of 1.44p for the three months ended 31 December, said its new annual dividend target said its dividend would be fully covered by net rental income, assuming that rent collection levels remain in line with forecast.

The FTSE 250-listed firm stated the dividend would be payable in equal quarterly instalments of 1.50p per share and represented a 4.3% increase on its pre-Covid-19 dividend rate of 5.75p per share.

LXI, which highlighted that its guidance levels were not a profit forecast, also reaffirmed that it was targeting a dividend of 1.46p per ordinary share for the current quarter as a result of its 98% rent collection so far in the period.

As of 0820 GMT, LXI shares were up 0.16% at 126.0p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

LXI Reit Market Data

Currency UK Pounds
Price 133.40p
Change Today 1.20p
52 Week High 138.20p
52 Week Low 93.55p
Volume 914,485
Shares Issued 621.83m
Market Cap 829.52m
Beta 0.00

Performance Indicators

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What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LXI Reit Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 25-Feb-21 03-Dec-20
Paid 26-Mar-21 30-Dec-20
Amount 1.44p 1.35p

Trades for 12-May-2021

Time Volume / Share Price
16:45 1,082 @ 132.80p
16:45 1,082 @ 132.80p
16:35 409,274 @ 133.40p
16:29 157 @ 132.80p
16:29 11 @ 132.80p

LXI Reit Key Personnel