Real Estate Credit Investments (LON:RECI) Stock Price Crosses Below 200 Day Moving Average of $126.30

Real Estate Credit Investments (LON:RECIGet Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 126.30 ($1.60) and traded as low as GBX 115.50 ($1.46). Real Estate Credit Investments shares last traded at GBX 116 ($1.47), with a volume of 301,713 shares changing hands.

Real Estate Credit Investments Trading Down 1.7 %

The stock has a market capitalization of £266.02 million, a PE ratio of 1,288.89 and a beta of 0.45. The company has a 50 day simple moving average of GBX 121.04 and a 200 day simple moving average of GBX 126.30. The company has a current ratio of 0.22, a quick ratio of 0.10 and a debt-to-equity ratio of 23.79.

Real Estate Credit Investments Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 5th. Stockholders of record on Thursday, March 14th will be paid a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, March 14th. Real Estate Credit Investments’s dividend payout ratio (DPR) is 13,333.33%.

Insider Transactions at Real Estate Credit Investments

In other news, insider Bob Cowdell acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average cost of GBX 121 ($1.53) per share, with a total value of £12,100 ($15,291.29). In related news, insider Bob Cowdell bought 10,000 shares of the stock in a transaction on Friday, February 16th. The shares were purchased at an average price of GBX 121 ($1.53) per share, for a total transaction of £12,100 ($15,291.29). Also, insider Colleen McHugh bought 8,000 shares of the stock in a transaction on Thursday, January 18th. The shares were bought at an average price of GBX 123 ($1.55) per share, for a total transaction of £9,840 ($12,435.23). Company insiders own 0.47% of the company’s stock.

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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