Real Estate Credit Investments (LON:RECI) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Real Estate Credit Investments Limited (LON:RECI) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 125.84 ($1.57) and traded as low as GBX 124.11 ($1.55). Real Estate Credit Investments shares last traded at GBX 125.50 ($1.57), with a volume of 738,180 shares trading hands.

Real Estate Credit Investments Trading Up 0.8 %

The firm has a market capitalization of £280.69 million, a price-to-earnings ratio of 1,265.00 and a beta of 0.42. The firm’s 50 day moving average is GBX 125.86 and its 200 day moving average is GBX 125.86. The company has a quick ratio of 0.10, a current ratio of 0.88 and a debt-to-equity ratio of 7.29.

Real Estate Credit Investments Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 5th were paid a dividend of GBX 3 ($0.04) per share. This represents a yield of 2.38%. The ex-dividend date of this dividend was Thursday, December 5th. Real Estate Credit Investments’s dividend payout ratio is presently 12,000.00%.

Insider Activity at Real Estate Credit Investments

In other news, insider Colleen McHugh purchased 8,000 shares of the business’s stock in a transaction dated Thursday, November 28th. The shares were acquired at an average price of GBX 126 ($1.57) per share, for a total transaction of £10,080 ($12,574.85). Company insiders own 0.50% of the company’s stock.

Real Estate Credit Investments Company Profile

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.