Arena REIT No 1 (ASX:ARF) Reaches New 52-Week High at $2.98

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Shares of Arena REIT No 1 (ASX:ARF) reached a new 52-week high on Wednesday . The stock traded as high as A$2.98 ($2.11) and last traded at A$2.95 ($2.09), with a volume of 132530 shares. The stock had previously closed at A$2.89 ($2.05).

The company has a quick ratio of 0.81, a current ratio of 0.86 and a debt-to-equity ratio of 32.24. The company has a market cap of $880.44 million and a P/E ratio of 13.66. The company has a fifty day moving average of A$2.84 and a 200 day moving average of A$2.80.

The company also recently disclosed a Interim dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, November 7th will be issued a $0.036 dividend. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 1.24%. This is a positive change from Arena REIT No 1’s previous Interim dividend of $0.03. Arena REIT No 1’s payout ratio is presently 64.81%.

In other news, insider Robert de Vos 166,161 shares of the firm’s stock in a transaction on Friday, September 20th.

About Arena REIT No 1 (ASX:ARF)

Arena REIT is an ASX300 listed property group that owns, manages and develops social infrastructure property assets across Australia. Our current portfolio of social infrastructure property assets is leased to a diversified tenant base in the growing early learning and healthcare sectors.

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