Real Estate Credit Investments Limited (LON:RECI – Get Rating) declared a dividend on Thursday, November 24th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 1st will be paid a dividend of GBX 3 ($0.04) per share on Friday, December 30th. This represents a yield of 2.23%. The ex-dividend date is Thursday, December 1st. The official announcement can be viewed at this link.
Real Estate Credit Investments Trading Up 1.3 %
RECI opened at GBX 137.72 ($1.63) on Friday. The firm’s fifty day moving average is GBX 131.06 and its two-hundred day moving average is GBX 141.38. The company has a debt-to-equity ratio of 29.18, a quick ratio of 0.46 and a current ratio of 0.51. The firm has a market cap of £315.84 million and a PE ratio of 1,236.36. Real Estate Credit Investments has a twelve month low of GBX 115.50 ($1.37) and a twelve month high of GBX 159.42 ($1.89).
Insiders Place Their Bets
In other news, insider Colleen McHugh bought 10,000 shares of the business’s stock in a transaction on Monday, September 26th. The shares were bought at an average cost of GBX 128 ($1.51) per share, for a total transaction of £12,800 ($15,135.39).
About Real Estate Credit Investments
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.
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