Residential Secure Income (LON:RESI) Stock Price Up 0.1% – Still a Buy?

Residential Secure Income plc (LON:RESI)’s share price rose 0.1% during mid-day trading on Friday . The stock traded as high as GBX 59 ($0.76) and last traded at GBX 56.83 ($0.74). Approximately 251,690 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 267,862 shares. The stock had previously closed at GBX 56.80 ($0.74).

Residential Secure Income Stock Performance

The company’s fifty day moving average is GBX 57.50 and its two-hundred day moving average is GBX 57.46. The firm has a market cap of £103.31 million, a price-to-earnings ratio of -10.29 and a beta of 0.21.

Residential Secure Income (LON:RESI) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported GBX (5.40) (($0.07)) EPS for the quarter. Residential Secure Income had a negative return on equity of 6.58% and a negative net margin of 32.98%. As a group, analysts forecast that Residential Secure Income plc will post 6.1000003 earnings per share for the current fiscal year.

Residential Secure Income Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, March 11th. Stockholders of record on Thursday, January 30th were given a dividend of GBX 1.03 ($0.01) per share. The ex-dividend date was Thursday, January 30th. This represents a dividend yield of 1.79%. Residential Secure Income’s payout ratio is currently -72.40%.

Residential Secure Income Company Profile

Residential Secure Income plc (ReSI or the Company) (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes.