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

Real Estate Credit Investments Limited (LON:RECI – Get Free Report) hit a new 52-week low during trading on Thursday. The stock traded as low as GBX 112 and last traded at GBX 112, with a volume of 322473 shares trading hands. The stock had previously closed at GBX 113.

Real Estate Credit Investments Price Performance

The stock has a market cap of £247.57 million, a price-to-earnings ratio of 16.23 and a beta of 0.20. 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 company has a 50-day simple moving average of GBX 116.47 and a two-hundred day simple moving average of GBX 116.78.

Real Estate Credit Investments Company Profile

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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.

Further Reading

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