Real Estate Investors (LON:RLE) Shares Pass Below 200-Day Moving Average – What’s Next?

Real Estate Investors Plc (LON:RLE) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 32.93 ($0.41) and traded as low as GBX 28.34 ($0.35). Real Estate Investors shares last traded at GBX 28.40 ($0.35), with a volume of 55,567 shares changing hands.

Real Estate Investors Stock Down 3.6 %

The company has a quick ratio of 1.61, a current ratio of 0.19 and a debt-to-equity ratio of 53.05. The firm has a market capitalization of £49.61 million, a PE ratio of -406.43 and a beta of 0.66. The firm’s 50 day moving average price is GBX 30.89 and its two-hundred day moving average price is GBX 32.85.

Real Estate Investors Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 24th will be given a GBX 0.50 ($0.01) dividend. This represents a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, December 24th. Real Estate Investors’s payout ratio is -2,857.14%.

About Real Estate Investors

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.