Real Estate Credit Investments Ltd (LON:RECI) declared a dividend on Friday, May 15th, Upcoming.Co.Uk reports. Investors of record on Thursday, July 2nd will be paid a dividend of GBX 3 ($0.04) per share on Thursday, July 30th. This represents a yield of 2.87%. The ex-dividend date of this dividend is Thursday, July 2nd. The official announcement can be seen at this link.
Shares of RECI opened at GBX 125 ($1.54) on Wednesday. The company’s 50 day moving average price is GBX 121.24 and its 200 day moving average price is GBX 140.39. Real Estate Credit Investments has a 52 week low of GBX 90.20 ($1.11) and a 52 week high of GBX 173.50 ($2.14). The company has a market capitalization of $286.67 million and a PE ratio of 9.47. The company has a debt-to-equity ratio of 18.50, a quick ratio of 0.89 and a current ratio of 0.93.
In related news, insider Sally-Ann Farnon (Susie) acquired 10,000 shares of the firm’s stock in a transaction on Thursday, April 9th. The shares were purchased at an average price of GBX 119 ($1.46) per share, with a total value of £11,900 ($14,644.35).
Separately, Liberum Capital decreased their target price on shares of Real Estate Credit Investments from GBX 179 ($2.20) to GBX 150 ($1.85) and set a “buy” rating for the company in a research report on Tuesday, June 9th.
Real Estate Credit Investments Company Profile
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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