Real Estate Credit Investments (LON:RECI) Share Price Passes Above Two Hundred Day Moving Average of $0.00

Real Estate Credit Investments Ltd (LON:RECI) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $168.82. Real Estate Credit Investments shares last traded at $168.05, with a volume of 104,876 shares traded.

Separately, Liberum Capital restated a “buy” rating on shares of Real Estate Credit Investments in a research note on Tuesday, July 9th.

The company has a debt-to-equity ratio of 13.34, a current ratio of 1.04 and a quick ratio of 0.98. The company has a market cap of $259.11 million and a PE ratio of 13.31. The company has a 50 day simple moving average of GBX 169.73.

The firm also recently declared a dividend, which was paid on Friday, July 26th. Shareholders of record on Thursday, July 4th were paid a GBX 3 ($0.04) dividend. This represents a yield of 1.76%. The ex-dividend date was Thursday, July 4th. Real Estate Credit Investments’s dividend payout ratio (DPR) is presently 0.94%.

In other Real Estate Credit Investments news, insider Bob Cowdell purchased 29,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was bought at an average cost of GBX 170 ($2.22) per share, for a total transaction of £49,300 ($64,419.18).

About Real Estate Credit Investments (LON:RECI)

Real Estate Credit Investments Limited is a closed-ended fixed income mutual fund launched and managed by Cheyne Capital Management (UK) LLP. The fund invests in the fixed income markets across the globe. It primarily makes its investments in asset backed securities. The fund considers coupon or cash flows on the tranche relative to the underlying credit to make its investments.

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