Hektar Real Estate Investment Trust (+ve)

Trading of shares in Hektar Real Estate Investment Trust (REIT) (fundamental: 0.2/3, valuation: 3/3) triggered our momentum algorithm yesterday for the second time this year. The last time the counter triggered our momentum algorithm was on April 8.

The counter closed unchanged at RM1.14, with 646,100 shares traded, giving the group a market capitalisation of RM526.63 million. Its 200-day average trading volume was 181,858 shares.

The REIT posted an annual net property income of RM78.7 million, up 6.8% from RM73.74 million posted a year earlier. With full-year revenue, the REIT earned RM135.11 million, from RM125.54 million in the previous year.

The REIT declared a final dividend of 2.31 sen, with an entitlement date of March 15 and payment date of April 10.