Real Estate Investors (LON:RLE) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Real Estate Investors Plc (LON:RLE) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 32.13 and traded as low as GBX 32.12. Real Estate Investors shares last traded at GBX 32.12, with a volume of 41,937 shares traded.

Real Estate Investors Stock Performance

The stock has a 50 day moving average of GBX 32.57 and a two-hundred day moving average of GBX 32.13. The stock has a market cap of £56.16 million, a PE ratio of 48.67 and a beta of 0.66.

Real Estate Investors (LON:RLE) last announced its earnings results on Tuesday, September 23rd. The company reported GBX 0.85 EPS for the quarter. Real Estate Investors had a negative net margin of 106.92% and a negative return on equity of 12.67%. Analysts expect that Real Estate Investors Plc will post 4.3650794 EPS for the current fiscal year.

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. The portfolio has no material reliance on a single asset or occupier. On 1st January 2015, the Company converted to a REIT. Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities.