Octopus Renewables Infrastructure Trust (LON:ORIT) Shares Down 0.3%

Posted by Defense World Staff on Jul 18th, 2023

Octopus Renewables Infrastructure Trust plc (LON:ORIT – Get Free Report) was down 0.3% during trading on Monday . The stock traded as low as GBX 90 ($1.18) and last traded at GBX 90.10 ($1.18). Approximately 1,063,750 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 1,291,738 shares. The stock had previously closed at GBX 90.40 ($1.18).

Wall Street Analyst Weigh In

Separately, Barclays reaffirmed an “overweight” rating and issued a GBX 115 ($1.50) price target on shares of Octopus Renewables Infrastructure Trust in a research report on Thursday, June 15th.

Octopus Renewables Infrastructure Trust Stock Down 0.3 %

The firm has a market capitalization of £509.00 million, a P/E ratio of 750.83 and a beta of 0.15. The business has a 50-day moving average price of GBX 96.61 and a 200-day moving average price of GBX 97.87.

Octopus Renewables Infrastructure Trust Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 2nd. Stockholders of record on Thursday, May 18th were given a dividend of GBX 1.44 ($0.02) per share. The ex-dividend date was Thursday, May 18th. This is a boost from Octopus Renewables Infrastructure Trust’s previous dividend of $1.31. This represents a dividend yield of 1.41%. Octopus Renewables Infrastructure Trust’s payout ratio is currently 5,000.00%.

About Octopus Renewables Infrastructure Trust

(Get Free Report)

Octopus Renewables Infrastructure Trust plc operates as a closed end investment company in Europe and Australia. The company also focuses on building and operating a diversified portfolio of renewable energy assets. As of December 31, 2021, it owned a portfolio of 31 renewable energy assets covering the operational capacity of 290 MW.