Real Estate Credit Investments (LON:RECI) Sets New 52-Week Low – Here’s What Happened

Real Estate Credit Investments Limited (LON:RECI) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 112 and last traded at GBX 115, with a volume of 496855 shares changing hands. The stock had previously closed at GBX 118.

Real Estate Credit Investments Stock Down 2.5%

The firm has a market cap of £254.20 million, a PE ratio of 16.67 and a beta of 0.20. The company has a 50-day simple moving average of GBX 116.84 and a 200-day simple moving average of GBX 117.50. The company has a debt-to-equity ratio of 38.72, a current ratio of 26.75 and a quick ratio of 0.10.

Real Estate Credit Investments (LON:RECI) last posted its quarterly earnings results on Thursday, June 25th. The company reported GBX 6.90 earnings per share (EPS) for the quarter. Real Estate Credit Investments had a return on equity of 4.90% and a net margin of 58.16%.The business had revenue of GBX 3,329 million for the quarter. Analysts expect that Real Estate Credit Investments Limited will post 9.1564528 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Colleen McHugh bought 7,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were purchased at an average price of GBX 116 per share, for a total transaction of £8,120. 0.41% of the stock is owned by company insiders.

Real Estate Credit Investments Company Profile

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.