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

Real Estate Credit Investments Limited (LON:RECI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 125.32 ($1.58) and traded as low as GBX 122 ($1.54). Real Estate Credit Investments shares last traded at GBX 125 ($1.58), with a volume of 121,119 shares traded.

Real Estate Credit Investments Price Performance

The stock has a market cap of £272.93 million, a price-to-earnings ratio of 1,228.90 and a beta of 0.42. The company has a debt-to-equity ratio of 7.29, a quick ratio of 0.10 and a current ratio of 0.88. The firm’s 50-day simple moving average is GBX 127.27 and its two-hundred day simple moving average is GBX 125.32.

Real Estate Credit Investments Announces Dividend

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

Insider Buying and Selling

In related news, insider Andreas Tautscher purchased 7,500 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were bought at an average price of GBX 129 ($1.63) per share, with a total value of £9,675 ($12,211.28). Also, 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 ($1.59) per share, with a total value of £10,080 ($12,722.45). 0.50% of the stock is currently owned by corporate insiders.

About Real Estate Credit Investments

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.