Real Estate Credit Investments (LON:RECI) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Real Estate Credit Investments Limited (LON:RECI) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 126.07 ($1.56) and traded as low as GBX 124 ($1.53). Real Estate Credit Investments shares last traded at GBX 124 ($1.53), with a volume of 102,061 shares trading hands.

Real Estate Credit Investments Price Performance

The company has a market capitalization of £275.14 million, a P/E ratio of 1,240.00 and a beta of 0.42. 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 company’s 50-day moving average price is GBX 125.01 and its two-hundred day moving average price is GBX 126.07.

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

Real Estate Credit Investments Announces Dividend

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

Insider Activity

In related news, insider Colleen McHugh acquired 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The shares were bought at an average cost of GBX 126 ($1.56) per share, for a total transaction of £10,080 ($12,450.59). 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.