Real Estate Credit Investments (LON:RECI) Stock Price Crosses Above Two Hundred Day Moving Average of $119.61

Real Estate Credit Investments Limited (LON:RECI)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 119.61 ($1.53) and traded as high as GBX 126 ($1.61). Real Estate Credit Investments shares last traded at GBX 125 ($1.60), with a volume of 70,502 shares changing hands.

Real Estate Credit Investments Stock Performance

The company has a debt-to-equity ratio of 7.29, a current ratio of 0.88 and a quick ratio of 0.10. The business has a 50-day moving average of GBX 121.70 and a 200-day moving average of GBX 119.66. The company has a market capitalization of £279.28 million, a P/E ratio of 1,250.00 and a beta of 0.41.

Real Estate Credit Investments Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, July 26th. Stockholders of record on Thursday, July 4th were issued a GBX 3 ($0.04) dividend. The ex-dividend date was Thursday, July 4th. This represents a dividend yield of 2.45%. Real Estate Credit Investments’s dividend payout ratio (DPR) is presently 12,000.00%.

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.