Octopus Renewables Infrastructure Trust Plc (GB:ORIT) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Octopus Renewables Infrastructure Trust (ORIT) reported a modest NAV total return of 2% for the first half of 2024, despite a slight drop in NAV and a -16.9% shareholder total return influenced by broader market trends. The interim dividend met annual targets, with potential for an attractive yield and narrowing discount to NAV as operational performance strengthens and macro concerns fade. Investors may find ORIT’s current yield around 7.6% and 24% discount to NAV particularly compelling given the positive capital recycling outcomes.
For further insights into GB:ORIT stock, check out TipRanks’ Stock Analysis page.
