TR Property Investment Trust (LON:TRY) Reaches New 12-Month Low – Here’s What Happened

TR Property Investment Trust plc (LON:TRY) shares reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 298.50 ($3.75) and last traded at GBX 302 ($3.80), with a volume of 80236 shares changing hands. The stock had previously closed at GBX 305.50 ($3.84).

TR Property Investment Trust Stock Up 1.2 %

The company has a debt-to-equity ratio of 7.12, a quick ratio of 3.14 and a current ratio of 4.28. The firm has a 50 day simple moving average of GBX 321.06 and a two-hundred day simple moving average of GBX 331.25. The stock has a market cap of £958.40 million, a P/E ratio of -171.59 and a beta of 0.93.

TR Property Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be issued a GBX 5.65 ($0.07) dividend. This represents a yield of 1.78%. The ex-dividend date of this dividend is Thursday, December 12th. TR Property Investment Trust’s payout ratio is currently -852.27%.

Insider Buying and Selling at TR Property Investment Trust

In other news, insider Andrew Vaughan acquired 12,675 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average price of GBX 316 ($3.97) per share, for a total transaction of £40,053 ($50,336.81). Also, insider Kate Bolsover bought 4,683 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were purchased at an average cost of GBX 318 ($4.00) per share, with a total value of £14,891.94 ($18,715.52). 5.03% of the stock is owned by corporate insiders.

TR Property Investment Trust Company Profile

TR Property Investment Trust plc is a closed-ended equity mutual fund launched by F&C Investment Business Ltd. The fund is managed by Thames River Capital LLP. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies that are operating in the real estate sector.