Real Estate Credit Investments (LON:RECI) Shares Pass Below 200 Day Moving Average of $148.46

Real Estate Credit Investments Limited (LON:RECIGet Rating)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 148.46 ($1.79) and traded as low as GBX 138 ($1.67). Real Estate Credit Investments shares last traded at GBX 138 ($1.67), with a volume of 172,431 shares.

Real Estate Credit Investments Price Performance

The firm has a market capitalization of £316.48 million and a P/E ratio of 1,254.55. The company has a debt-to-equity ratio of 29.18, a current ratio of 0.51 and a quick ratio of 0.46. The stock’s fifty day simple moving average is GBX 144.64 and its 200 day simple moving average is GBX 148.46.

Real Estate Credit Investments Announces Dividend

The company also recently announced a dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 18th were issued a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a yield of 2.06%. Real Estate Credit Investments’s dividend payout ratio is presently 109.09%.

Insiders Place Their Bets

In related news, insider Colleen McHugh acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were purchased at an average price of GBX 141 ($1.70) per share, for a total transaction of £14,100 ($17,037.22).

About Real Estate Credit Investments

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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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