Real Estate Credit Investments (LON:RECI) Sets New 52-Week Low at $135.00

Real Estate Credit Investments Limited (LON:RECIGet Rating) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 135 ($1.63) and last traded at GBX 135 ($1.63), with a volume of 94580 shares. The stock had previously closed at GBX 139 ($1.68).

Real Estate Credit Investments Stock Performance

The stock has a market capitalization of £309.60 million and a P/E ratio of 1,272.73. The company’s 50-day moving average is GBX 143.76 and its two-hundred day moving average is GBX 147.92. The company has a current ratio of 0.51, a quick ratio of 0.46 and a debt-to-equity ratio of 29.18.

Real Estate Credit Investments Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 18th were issued a dividend of GBX 3 ($0.04) per share. The ex-dividend date was Thursday, August 18th. This represents a yield of 2.06%. Real Estate Credit Investments’s payout ratio is presently 109.09%.

Insider Transactions at Real Estate Credit Investments

In other Real Estate Credit Investments news, insider Colleen McHugh acquired 10,000 shares of Real Estate Credit Investments stock in a transaction that occurred on Wednesday, September 7th. The stock was acquired at an average price of GBX 141 ($1.70) per share, with a total value of £14,100 ($17,037.22).

Real Estate Credit Investments Company Profile

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Real Estate Credit Investments Limited is a closed-ended fixed income mutual fund launched and managed by Cheyne Capital Management (UK) LLP. The fund invests in the fixed income markets across the globe. It primarily makes its investments in asset backed securities. The fund considers coupon or cash flows on the tranche relative to the underlying credit to make its investments.

Further Reading

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