Real Estate Investors (LON:RLE) Hits New 52-Week High on Insider Buying Activity

Real Estate Investors Plc (LON:RLE)’s share price hit a new 52-week high during trading on Wednesday after an insider bought additional shares in the company. The stock traded as high as GBX 37 ($0.47) and last traded at GBX 36 ($0.46), with a volume of 87091 shares changing hands. The stock had previously closed at GBX 36 ($0.46).

Specifically, insider Marcus Daly purchased 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were bought at an average cost of GBX 37 ($0.47) per share, for a total transaction of £92,500 ($117,341.11). In other news, insider Paul Bassi purchased 107,165 shares of the business’s stock in a transaction on Friday, June 21st. The stock was purchased at an average cost of GBX 36 ($0.46) per share, with a total value of £38,579.40 ($48,940.00). Also, insider Marcus Daly purchased 250,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was purchased at an average cost of GBX 37 ($0.47) per share, with a total value of £92,500 ($117,341.11). 35.05% of the stock is currently owned by corporate insiders.

Real Estate Investors Stock Performance

The company’s fifty day simple moving average is GBX 34.98 and its 200 day simple moving average is GBX 32.96. The company has a current ratio of 0.22, a quick ratio of 1.61 and a debt-to-equity ratio of 57.39. The stock has a market capitalization of £63.45 million, a P/E ratio of -730.00 and a beta of 0.67.

Real Estate Investors Company Profile

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.