UK Commercial Property REIT Limited (LON:UKCM) Insider Michael Ayre buys 50,000 shares

Insider Michael Ayre of UK Commercial Property REIT Limited (LON:UKCM – Get Rating) bought 50,000 shares in a trade that took place on Monday August 15th. The share was acquired at an average cost of 78 GBX ($0.94) per share, with a total value of £39,000 ($47,124.21).

Price performance of UK commercial property REITs

Shares of LON UKCM opened at GBX 77 ($0.93) on Wednesday. The company has a current ratio of 3.35, a quick ratio of 3.27 and a debt ratio of 18.74. UK Commercial Property REIT Limited has a 12-month low of 71.95 GBX ($0.87) and a 12-month high of 95.80 GBX ($1.16). The stock has a 50-day moving average of 76.98 GBX and a two-hundred-day moving average of 82.21 GBX. The stock has a market capitalization of £1.00 billion and a P/E ratio of 427.78.

UK Commercial Property REIT increases its dividend

The company also recently declared a dividend, which will be paid on Wednesday, August 31. Shareholders of record on Thursday, August 18 will receive a dividend of GBX 2.77 ($0.03) per share. This represents a dividend yield of 3.72%. The ex-dividend date is Thursday, August 18. This is a boost from UK Commercial Property REIT’s previous $0.80 dividend. The UK Commercial Property REIT’s dividend payout ratio is 16.24%.

About UK Commercial Property REIT

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UK Commercial Property REIT (UKCPT) was launched in September 2006, registered as a Guernsey investment company and is listed on the London Stock Exchange (FTSE 250). The initial offering raised £530 million and the proceeds were used to acquire a portfolio of properties from closed-end life insurance funds held by Phoenix Group Holdings.

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