Real Estate Investors (LON:RLE) Posts Quarterly Earnings Results

Real Estate Investors (LON:RLE) posted its earnings results on Tuesday. The company reported GBX (1.35) (($0.02)) earnings per share for the quarter, Digital Look Earnings reports. Real Estate Investors had a negative return on equity of 12.67% and a negative net margin of 106.92%.

Real Estate Investors Price Performance

Real Estate Investors stock traded down GBX 0.20 ($0.00) during trading hours on Thursday, hitting GBX 30 ($0.39). The company had a trading volume of 3,091,197 shares, compared to its average volume of 287,043. The firm has a 50-day moving average of GBX 29.88 and a 200 day moving average of GBX 31.07. The firm has a market cap of £52.31 million, a PE ratio of -4.42 and a beta of 0.66. Real Estate Investors has a one year low of GBX 28 ($0.36) and a one year high of GBX 37.80 ($0.49).

Real Estate Investors Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 3rd will be given a GBX 0.40 ($0.01) dividend. This represents a dividend yield of 1.37%. The ex-dividend date is Thursday, April 3rd. Real Estate Investors’s payout ratio is presently -29.49%.

Insider Buying and Selling

In other news, insider Paul Bassi acquired 500,000 shares of the stock in a transaction on Tuesday, March 25th. The stock was acquired at an average cost of GBX 29 ($0.37) per share, for a total transaction of £145,000 ($186,687.27). 18.86% of the stock is currently owned by insiders.

Real Estate Investors Company Profile

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.