Real Estate Investors (LON:RLE) Announces Earnings Results

Real Estate Investors (LON:RLE) announced its quarterly earnings data on Tuesday. The company reported GBX (1.35) (($0.02)) EPS for the quarter, Digital Look Earnings reports. Real Estate Investors had a negative net margin of 106.92% and a negative return on equity of 12.67%.

Real Estate Investors Stock Down 0.7 %

RLE traded down GBX 0.20 ($0.00) on Thursday, reaching GBX 30 ($0.39). 3,077,310 shares of the company traded hands, compared to its average volume of 286,979. The company has a market cap of £52.31 million, a P/E ratio of -4.42 and a beta of 0.66. Real Estate Investors has a one year low of GBX 28 ($0.36) and a one year high of GBX 37.80 ($0.49). The firm has a fifty day simple moving average of GBX 29.88 and a two-hundred day simple moving average of GBX 31.07.

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 issued 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 payout ratio is presently -29.49%.

Insiders Place Their Bets

In other news, insider Paul Bassi purchased 500,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average price of GBX 29 ($0.37) per share, for a total transaction of £145,000 ($186,687.27). Insiders own 18.86% of the company’s stock.

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.