Real Estate Investors (LON:RLE) Hits New 52-Week Low – What’s Next?

Real Estate Investors Plc (LON:RLE)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 28 ($0.35) and last traded at GBX 30.75 ($0.38), with a volume of 368279 shares. The stock had previously closed at GBX 29.50 ($0.37).

Real Estate Investors Stock Up 4.2 %

The company has a quick ratio of 1.61, a current ratio of 0.19 and a debt-to-equity ratio of 53.05. The stock has a 50 day simple moving average of GBX 32 and a 200 day simple moving average of GBX 33.54. The stock has a market cap of £53.62 million, a price-to-earnings ratio of -439.29 and a beta of 0.66.

Real Estate Investors Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 24th will be given a dividend of GBX 0.50 ($0.01) per share. This represents a dividend yield of 1.64%. The ex-dividend date is Tuesday, December 24th. Real Estate Investors’s payout ratio is presently -2,857.14%.

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.