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Saudi Real Estate Company's stock attracted investors' attention during Tuesday's session, after recording strong gains following the announcement of the lifting of the suspension on the land owned by the company located in Al-Arid neighborhood north of Riyadh, a step that supported the stock's performance and increased trading volume.

During the session, the stock reached its highest level at SAR 16.64, recording the biggest daily gain in nearly two months, coinciding with notable trading activity, as the volume of traded shares rose to about four times its daily average over the last 20 sessions.

In terms of performance, the stock of "Real Estate" rose by more than 11% over the last five sessions, and also recorded monthly gains of 5%, while it has risen by about 32% since the beginning of the year.

Despite this performance, the stock is still down by about 14% over 52 weeks, a weaker performance than the main market index "TASI," which declined by about 4.5% over the same period.

In terms of valuations, the stock is trading at a price-to-book multiple of 1.05 times, while the price-to-earnings ratio is about 9.5 times based on earnings over the last 12 months.

The company's last cash dividends date back to 2018, when it distributed SAR 0.50 per share.

Three research and financial institutions follow the stock, with two buy recommendations and one hold recommendation, while the average target price is SAR 16, which is about 1.6% higher than the last closing price.

The Public Investment Fund is the largest shareholder in the company with a stake of about 64.58%.

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