Residential Secure Income plc (LON:RESI – Get Free Report) was up 1.1% during mid-day trading on Thursday. The stock traded as high as GBX 7.98 and last traded at GBX 7.50. Approximately 384,153 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 1,005,597 shares. The stock had previously closed at GBX 7.42.
Residential Secure Income Stock Performance
The stock has a 50 day moving average of GBX 17.27 and a 200 day moving average of GBX 40.59. The stock has a market capitalization of £13.89 million, a P/E ratio of -9.38 and a beta of 0.46.
Residential Secure Income (LON:RESI – Get Free Report) last posted its earnings results on Wednesday, June 24th. The company reported GBX 0.60 earnings per share (EPS) for the quarter. Residential Secure Income had a negative return on equity of 6.87% and a negative net margin of 30.59%.The company had revenue of GBX 1,491 million for the quarter. On average, research analysts anticipate that Residential Secure Income plc will post 6.1000003 EPS for the current fiscal year.
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. 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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