Paul Bassi Buys 500,000 Shares of Real Estate Investors Plc (LON:RLE) Stock

Real Estate Investors Plc (LON:RLE) insider Paul Bassi acquired 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were 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

Shares of LON RLE opened at GBX 30 ($0.39) on Friday. The company has a 50 day simple moving average of GBX 29.86 and a two-hundred day simple moving average of GBX 31.05. Real Estate Investors Plc has a fifty-two week low of GBX 28 ($0.36) and a fifty-two week high of GBX 37.80 ($0.49). The company has a market capitalization of £52.31 million, a price-to-earnings ratio of -4.42 and a beta of 0.66.

Real Estate Investors (LON:RLE) last announced its quarterly earnings data on Tuesday, March 25th. The company reported GBX (1.35) (($0.02)) earnings per share (EPS) 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, analysts forecast that Real Estate Investors Plc will post 4.3650794 earnings per share for the current fiscal year.

Real Estate Investors Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 3rd will be given a GBX 0.40 ($0.01) dividend. This represents a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, April 3rd. Real Estate Investors’s dividend payout ratio is presently -29.49%.

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.