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

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

Real Estate Investors Price Performance

Shares of LON:RLE traded down GBX 0.20 ($0.00) during trading on Thursday, hitting GBX 30 ($0.39). The company had a trading volume of 3,077,310 shares, compared to its average volume of 286,979. The stock has a market cap of £52.31 million, a price-to-earnings ratio of -4.42 and a beta of 0.66. The company has a fifty day simple moving average of GBX 29.88 and a two-hundred day simple moving average of GBX 31.07. 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. Shareholders of record on Thursday, April 3rd will be given a dividend of GBX 0.40 ($0.01) per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a yield of 1.37%. Real Estate Investors’s dividend payout ratio (DPR) is presently -29.49%.

Insider Activity at Real Estate Investors

In other news, insider Paul Bassi purchased 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average cost of GBX 29 ($0.37) per share, with a total value 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.