Real Estate Credit Investments Limited (LON:RECI – Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 121.76 and traded as low as GBX 116. Real Estate Credit Investments shares last traded at GBX 117, with a volume of 283,981 shares traded.
Real Estate Credit Investments Stock Performance
The firm has a 50-day moving average price of GBX 118 and a 200 day moving average price of GBX 121.76. The firm has a market capitalization of £258.62 million, a PE ratio of 13.60 and a beta of 0.20. The company has a quick ratio of 0.10, a current ratio of 0.30 and a debt-to-equity ratio of 22.25.
Insider Buying and Selling at Real Estate Credit Investments
In other news, insider Andreas Tautscher purchased 9,500 shares of the stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average cost of GBX 127 per share, for a total transaction of £12,065. Also, insider Colleen McHugh purchased 6,000 shares of the stock in a transaction dated Friday, March 20th. The shares were purchased at an average price of GBX 122 per share, with a total value of £7,320. Company insiders own 0.40% of the company’s stock.
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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