Real Estate Credit Investments (LON:RECI) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Real Estate Credit Investments Limited (LON:RECI)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 126.18 ($1.56) and traded as low as GBX 123 ($1.52). Real Estate Credit Investments shares last traded at GBX 124 ($1.53), with a volume of 131,294 shares traded.

Real Estate Credit Investments Price Performance

The stock has a 50-day simple moving average of GBX 124.18 and a 200 day simple moving average of GBX 126.18. The stock has a market capitalization of £271.82 million, a P/E ratio of 1,225.00 and a beta of 0.42. The company has a debt-to-equity ratio of 7.29, a quick ratio of 0.10 and a current ratio of 0.88.

Real Estate Credit Investments (LON:RECI) last posted its quarterly earnings results on Thursday, November 28th. The company reported GBX 5.80 ($0.07) earnings per share (EPS) for the quarter. Real Estate Credit Investments had a return on equity of 6.59% and a net margin of 70.28%. On average, equities analysts forecast that Real Estate Credit Investments Limited will post 9.1564528 earnings per share for the current fiscal year.

Real Estate Credit Investments Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 5th were paid a GBX 3 ($0.04) dividend. This represents a dividend yield of 2.38%. The ex-dividend date was Thursday, December 5th. Real Estate Credit Investments’s dividend payout ratio (DPR) is currently 12,000.00%.

Insider Buying and Selling

In other news, insider Colleen McHugh purchased 8,000 shares of Real Estate Credit Investments stock in a transaction dated Thursday, November 28th. The shares were bought at an average cost of GBX 126 ($1.56) per share, with a total value of £10,080 ($12,456.75). 0.50% of the stock is owned by insiders.

About Real Estate Credit Investments

Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain.

RECI is externally managed by Cheyne Capital’s real estate business which was formed in 2008 and currently manages c.