Real Estate Investors (LON:RLE) Trading Up 3% – Here’s Why

Real Estate Investors Plc (LON:RLE) shares were up 3% during mid-day trading on Tuesday . The company traded as high as GBX 34.51 ($0.45) and last traded at GBX 34 ($0.44). Approximately 399,970 shares traded hands during trading, an increase of 140% from the average daily volume of 166,638 shares. The stock had previously closed at GBX 33 ($0.43).

Real Estate Investors Trading Up 1.5 %

The business’s 50-day moving average price is GBX 32.85 and its 200 day moving average price is GBX 34.16. The firm has a market capitalization of £60.16 million, a price-to-earnings ratio of -492.86 and a beta of 0.66. The company has a debt-to-equity ratio of 53.05, a current ratio of 0.19 and a quick ratio of 1.61.

Real Estate Investors Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, October 3rd were given a GBX 0.50 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a yield of 1.52%. Real Estate Investors’s payout ratio is currently -2,857.14%.

About Real Estate Investors

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.