Real Estate Credit Investments (LON:RECI) Shares Cross Below Two Hundred Day Moving Average of $120.35

Real Estate Credit Investments Limited (LON:RECI)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 120.35 ($1.52) and traded as low as GBX 119.50 ($1.51). Real Estate Credit Investments shares last traded at GBX 120 ($1.52), with a volume of 230,077 shares.

Real Estate Credit Investments Trading Down 0.4 %

The business has a 50 day moving average of GBX 119.31 and a 200 day moving average of GBX 120.35. The company has a debt-to-equity ratio of 17.51, a current ratio of 0.18 and a quick ratio of 0.10. The firm has a market capitalization of £270.29 million, a price-to-earnings ratio of 1,090.91 and a beta of 0.42.

Real Estate Credit Investments Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, July 4th will be issued a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, July 4th. This represents a dividend yield of 2.45%. Real Estate Credit Investments’s dividend payout ratio (DPR) is 10,909.09%.

Insider Activity at Real Estate Credit Investments

In other news, insider Bob Cowdell bought 20,000 shares of the stock in a transaction dated Tuesday, April 16th. The shares were bought at an average price of GBX 115 ($1.45) per share, for a total transaction of £23,000 ($29,091.83). 0.50% of the stock is owned by company insiders.

Real Estate Credit Investments Company Profile

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.