Real Estate Investors (LON:RLE) Reaches New 12-Month Low – What’s Next?

Real Estate Investors Plc (LON:RLE) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 28 ($0.36) and last traded at GBX 28.90 ($0.37), with a volume of 786992 shares traded. The stock had previously closed at GBX 28.50 ($0.37).

Real Estate Investors Trading Down 0.7 %

The firm has a 50 day moving average of GBX 29.88 and a two-hundred day moving average of GBX 31.07. The stock has a market capitalization of £52.31 million, a PE ratio of -4.42 and a beta of 0.66.

Real Estate Investors (LON:RLE) last announced its quarterly earnings results on Tuesday, March 25th. The company reported GBX (1.35) (($0.02)) earnings per share for the quarter. Real Estate Investors had a negative net margin of 106.92% and a negative return on equity of 12.67%. Equities research analysts forecast that Real Estate Investors Plc will post 4.3650794 EPS for the current year.

Real Estate Investors Cuts Dividend

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

Insider Buying and Selling

In other news, insider Paul Bassi bought 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average price of GBX 29 ($0.37) per share, with a total value of £145,000 ($186,687.27). Insiders own 18.86% of the company’s stock.

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.