Shares of Real Estate Credit Investments Limited (LON:RECI – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 121.17 and traded as low as GBX 116. Real Estate Credit Investments shares last traded at GBX 116.50, with a volume of 124,982 shares trading hands.
Real Estate Credit Investments Price Performance
The firm’s fifty day moving average price is GBX 117.64 and its 200 day moving average price is GBX 121.17. The firm has a market capitalization of £257.52 million, a PE ratio of 13.55 and a beta of 0.20. The company has a current ratio of 0.30, a quick ratio of 0.10 and a debt-to-equity ratio of 22.25.
Insider Activity at Real Estate Credit Investments
In other Real Estate Credit Investments news, insider Colleen McHugh acquired 6,000 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of GBX 122 per share, with a total value of £7,320. 0.41% of the stock is owned by company insiders.
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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