Real Estate Credit Investments Limited (LON:RECI – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Friday. The stock traded as low as GBX 111.50 and last traded at GBX 113.50, with a volume of 1,306,112 shares. The stock had previously closed at GBX 113.
Real Estate Credit Investments Price Performance
The company has a debt-to-equity ratio of 38.72, a quick ratio of 0.10 and a current ratio of 26.75. The firm has a market capitalization of £250.88 million, a P/E ratio of 16.45 and a beta of 0.20. The company has a 50-day moving average price of GBX 115.43 and a 200-day moving average price of GBX 116.44.
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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