Real Estate Credit Investments (LON:RECI) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Real Estate Credit Investments Limited (LON:RECI)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 125.92 ($1.53) and traded as low as GBX 124.50 ($1.51). Real Estate Credit Investments shares last traded at GBX 124.50 ($1.51), with a volume of 287,422 shares.

Real Estate Credit Investments Stock Performance

The company has a quick ratio of 0.10, a current ratio of 0.88 and a debt-to-equity ratio of 7.29. The stock has a market cap of £277.36 million, a price-to-earnings ratio of 1,250.00 and a beta of 0.42. The stock’s fifty day moving average is GBX 125.21 and its 200-day moving average is GBX 126.01.

Real Estate Credit Investments Announces Dividend

The company also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 5th were issued a GBX 3 ($0.04) dividend. This represents a dividend yield of 2.38%. The ex-dividend date was Thursday, December 5th. Real Estate Credit Investments’s dividend payout ratio (DPR) is 12,000.00%.

Insider Activity at Real Estate Credit Investments

In other Real Estate Credit Investments news, insider Colleen McHugh acquired 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The stock was acquired at an average cost of GBX 126 ($1.53) per share, for a total transaction of £10,080 ($12,264.27). 0.50% of the stock is owned by corporate insiders.

About Real Estate Credit Investments

Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain.

RECI is externally managed by Cheyne Capital’s real estate business which was formed in 2008 and currently manages c.