Real Estate Investors (LON:RLE) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Real Estate Investors Plc (LON:RLE) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 32.69 ($0.40) and traded as low as GBX 29.30 ($0.36). Real Estate Investors shares last traded at GBX 29.53 ($0.36), with a volume of 117,040 shares traded.

Real Estate Investors Stock Performance

The stock has a market capitalization of £53.01 million, a price-to-earnings ratio of -434.29 and a beta of 0.66. The company’s fifty day simple moving average is GBX 30.44 and its 200 day simple moving average is GBX 32.61. The company has a quick ratio of 1.61, a current ratio of 0.19 and a debt-to-equity ratio of 53.05.

Real Estate Investors Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 24th will be given a GBX 0.50 ($0.01) dividend. This represents a dividend yield of 1.64%. The ex-dividend date is Tuesday, December 24th. Real Estate Investors’s payout ratio is -2,857.14%.

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.