Residential Secure Income plc (LON:RESI – Get Free Report) shares traded up 1.1% on Wednesday . The company traded as high as GBX 57.35 and last traded at GBX 55.80. Approximately 2,100,583 shares were traded during mid-day trading, an increase of 288% from the average session volume of 541,036 shares. The stock had previously closed at GBX 55.20.
Residential Secure Income Stock Performance
The company has a 50-day simple moving average of GBX 53.31 and a 200-day simple moving average of GBX 54.36. The company has a market cap of £103.32 million, a price-to-earnings ratio of -69.75 and a beta of 0.45.
Residential Secure Income (LON:RESI – Get Free Report) last issued its earnings results on Wednesday, June 24th. The company reported GBX 0.60 earnings per share (EPS) for the quarter. The business had revenue of GBX 1,491 million during the quarter. Residential Secure Income had a negative return on equity of 6.87% and a negative net margin of 30.59%. As a group, equities research analysts forecast that Residential Secure Income plc will post 6.1000003 EPS for the current year.
Residential Secure Income Company Profile
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. Our purpose is to deliver affordable, high-quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through meeting demand from housing developers (housing associations, local authorities and private developers) for long-term investment partners to accelerate the development of socially and economically beneficial affordable housing.
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