Real Estate Investors Plc (LON:RLE) Insider Purchases £145,000 in Stock

Real Estate Investors Plc (LON:RLE) insider Paul Bassi purchased 500,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average cost of GBX 29 ($0.38) per share, for a total transaction of £145,000 ($187,726.57).

Real Estate Investors Stock Performance

Real Estate Investors stock traded up GBX 1.34 ($0.02) during mid-day trading on Wednesday, reaching GBX 30.64 ($0.40). The company’s stock had a trading volume of 2,364,856 shares, compared to its average volume of 249,758. The firm’s fifty day moving average price is GBX 29.86 and its two-hundred day moving average price is GBX 31.08. Real Estate Investors Plc has a 12-month low of GBX 28 ($0.36) and a 12-month high of GBX 37.80 ($0.49). The company has a market capitalization of £53.43 million, a P/E ratio of -4.52 and a beta of 0.66.

Real Estate Investors (LON:RLE) last announced its quarterly earnings results on Tuesday, March 25th. The company reported GBX (1.35) (($0.02)) earnings per share for the quarter. Real Estate Investors had a negative net margin of 106.92% and a negative return on equity of 12.67%. On average, research analysts predict that Real Estate Investors Plc will post 4.3650794 EPS for the current fiscal year.

Real Estate Investors Company Profile

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.