Residential Secure Income (LON:RESI) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Residential Secure Income plc (LON:RESI) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 57.60 ($0.74) and traded as low as GBX 56 ($0.72). Residential Secure Income shares last traded at GBX 57 ($0.74), with a volume of 156,200 shares trading hands.

Residential Secure Income Price Performance

The company has a fifty day simple moving average of GBX 57.49 and a two-hundred day simple moving average of GBX 57.04. The company has a market capitalization of £103.61 million, a P/E ratio of -10.32 and a beta of 0.21.

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

Residential Secure Income Dividend Announcement

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

About Residential Secure Income

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.