Real Estate Credit Investments (LON:RECI) Stock Rating Reaffirmed by Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Real Estate Credit Investments (LON:RECI) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.

RECI stock opened at GBX 170.25 ($2.22) on Tuesday. The stock has a fifty day simple moving average of GBX 170.59. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.98 and a current ratio of 1.04. Real Estate Credit Investments has a 1-year low of GBX 1.67 ($0.02) and a 1-year high of GBX 176 ($2.30). The stock has a market capitalization of $261.03 million and a PE ratio of 13.41.

The company also recently declared a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, July 4th will be given a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend is Thursday, July 4th. This represents a dividend yield of 1.76%. Real Estate Credit Investments’s dividend payout ratio is presently 0.94%.

In other news, insider Bob Cowdell purchased 26,000 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were purchased at an average price of GBX 169 ($2.21) per share, with a total value of £43,940 ($57,415.39).

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.

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