Real Estate Credit Investments (LON:RECI) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Real Estate Credit Investments Limited (LON:RECI) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 125.32 ($1.59) and traded as low as GBX 122 ($1.55). Real Estate Credit Investments shares last traded at GBX 125 ($1.58), with a volume of 121,119 shares traded.

Real Estate Credit Investments Trading Down 1.5 %

The company has a debt-to-equity ratio of 7.29, a quick ratio of 0.10 and a current ratio of 0.88. The company has a 50 day moving average of GBX 127.33 and a 200 day moving average of GBX 125.32. The stock has a market capitalization of £273.22 million, a price-to-earnings ratio of 1,250.00 and a beta of 0.42.

Real Estate Credit Investments Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 5th will be paid a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 2.38%. Real Estate Credit Investments’s dividend payout ratio is presently 12,000.00%.

Insider Buying and Selling at Real Estate Credit Investments

In other news, insider Colleen McHugh purchased 8,000 shares of the company’s stock in a transaction dated Thursday, November 28th. The stock was acquired at an average price of GBX 126 ($1.60) per share, with a total value of £10,080 ($12,777.28). Also, insider Andreas Tautscher purchased 7,500 shares of Real Estate Credit Investments stock in a transaction dated Wednesday, October 9th. The shares were purchased at an average cost of GBX 129 ($1.64) per share, for a total transaction of £9,675 ($12,263.91). 0.50% of the stock is owned by insiders.

About Real Estate Credit Investments

Real Estate Credit Investments Limited is a closed-ended fixed income mutual fund launched and managed by Cheyne Capital Management (UK) LLP. The fund invests in the fixed income markets across the globe. It primarily makes its investments in asset backed securities. The fund considers coupon or cash flows on the tranche relative to the underlying credit to make its investments.