TR Property Investment Trust (LON:TRY) Sets New 12-Month Low – Here’s What Happened

TR Property Investment Trust plc (LON:TRY)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as GBX 297.50 ($3.71) and last traded at GBX 298.90 ($3.73), with a volume of 726626 shares changing hands. The stock had previously closed at GBX 307.50 ($3.84).

TR Property Investment Trust Stock Performance

The company has a current ratio of 4.28, a quick ratio of 3.14 and a debt-to-equity ratio of 7.12. The stock has a market capitalization of £945.70 million, a P/E ratio of -169.32 and a beta of 0.93. The company’s 50-day moving average is GBX 314.03 and its two-hundred day moving average is GBX 329.77.

TR Property Investment Trust Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be paid a dividend of GBX 5.65 ($0.07) per share. This represents a yield of 1.78%. The ex-dividend date is Thursday, December 12th. TR Property Investment Trust’s payout ratio is currently -852.27%.

Insider Activity at TR Property Investment Trust

In other news, insider Andrew Vaughan bought 12,675 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of GBX 316 ($3.94) per share, with a total value of £40,053 ($49,966.32). Also, insider Kate Bolsover purchased 4,683 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was acquired at an average cost of GBX 318 ($3.97) per share, with a total value of £14,891.94 ($18,577.77). 5.03% of the stock is currently owned by insiders.

About TR Property Investment Trust

TR Property Investment Trust plc is a closed-ended equity mutual fund launched by F&C Investment Business Ltd. The fund is managed by Thames River Capital LLP. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies that are operating in the real estate sector.