WealthPlan Investment Management LLC Takes Position in The Necessity Retail REIT, Inc. (NASDAQ:RTL)

WealthPlan Investment Management LLC bought a new stake in shares of The Necessity Retail REIT, Inc. (NASDAQ:RTL – Get Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,461 shares of the company’s stock, valued at approximately $84,000.

Necessity Retail REIT Stock Performance

Shares of RTL stock opened at $6.01 on Friday. The stock has a market cap of $806.69 million, a PE ratio of -7.51 and a beta of 1.42. The company’s fifty day moving average price is $6.60 and its 200-day moving average price is $6.51. The Necessity Retail REIT, Inc. has a 12 month low of $5.46 and a 12 month high of $8.19. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.60.

Necessity Retail REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, January 13th were paid a $0.2125 dividend. This is a boost from Necessity Retail REIT’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, January 12th. This represents a $0.85 dividend on an annualized basis and a yield of 14.14%. Necessity Retail REIT’s payout ratio is presently -106.25%.

About Necessity Retail REIT

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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.