Real Estate Credit Investments Limited (LON:RECI – Get Free Report) hit a new 52-week low during trading on Friday. The stock traded as low as GBX 111.50 and last traded at GBX 113.50, with a volume of 1,306,112 shares. The stock had previously closed at GBX 113.
Real Estate Credit Investments Stock Performance
The company has a market cap of £250.88 million, a price-to-earnings ratio of 16.45 and a beta of 0.20. The firm’s 50 day simple moving average is GBX 115.53 and its 200-day simple moving average is GBX 116.46. The company has a debt-to-equity ratio of 38.72, a quick ratio of 0.10 and a current ratio of 26.75.
About Real Estate Credit Investments
Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain.
RECI is externally managed by Cheyne Capital’s real estate business which was formed in 2008 and currently manages c. $5bn via private funds and managed accounts. RECI’s overarching aim is to deliver a stable quarterly dividend with minimal volatility, through economic and credit cycles via a levered exposure to real estate credit investments.
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