Real Estate Credit Investments (LON:RECI) Hits New 12-Month Low – Here’s Why

Real Estate Credit Investments Limited (LON:RECI)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 116.50 and last traded at GBX 118.86, with a volume of 204969 shares traded. The stock had previously closed at GBX 120.

Real Estate Credit Investments Price Performance

The company has a debt-to-equity ratio of 34.14, a quick ratio of 0.10 and a current ratio of 5.74. The firm has a market cap of £263.51 million, a price-to-earnings ratio of 13.82 and a beta of 0.12. The company’s fifty day moving average is GBX 124.56 and its two-hundred day moving average is GBX 124.35.

Insider Buying and Selling at Real Estate Credit Investments

In related news, insider Colleen McHugh acquired 6,000 shares of the business’s stock in a transaction on Friday, March 20th. The shares were bought at an average cost of GBX 122 per share, with a total value of £7,320. Also, insider Andreas Tautscher acquired 9,500 shares of Real Estate Credit Investments stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of GBX 127 per share, for a total transaction of £12,065. 0.40% of the stock is currently owned by corporate insiders.

Real Estate Credit Investments Company Profile

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.