Real Estate Credit Investments (LON:RECI) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Real Estate Credit Investments Limited (LON:RECI) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 126.07 ($1.57) and traded as low as GBX 124 ($1.55). Real Estate Credit Investments shares last traded at GBX 124 ($1.55), with a volume of 102,061 shares changing hands.

Real Estate Credit Investments Stock Down 0.4 %

The business’s fifty day simple moving average is GBX 124.86 and its two-hundred day simple moving average is GBX 126.11. The company has a market cap of £274.03 million, a PE ratio of 1,235.00 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.

Real Estate Credit Investments (LON:RECI) last announced 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 return on equity of 6.59% and a net margin of 70.28%. On average, analysts predict that Real Estate Credit Investments Limited will post 9.1564528 earnings per share for the current year.

Real Estate Credit Investments Announces Dividend

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

Insider Activity

In other news, insider Colleen McHugh acquired 8,000 shares of the business’s stock in a transaction on Thursday, November 28th. The stock was bought at an average cost of GBX 126 ($1.57) per share, for a total transaction of £10,080 ($12,585.84). 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.