Real Estate Investors (LON:RLE) Shares Pass Below 200 Day Moving Average of $34.23

Shares of Real Estate Investors Plc (LON:RLE) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 34.23 ($0.45) and traded as low as GBX 32.48 ($0.43). Real Estate Investors shares last traded at GBX 32.50 ($0.43), with a volume of 2,672 shares.

Real Estate Investors Price Performance

The company has a market capitalization of £56.67 million, a PE ratio of -650.00 and a beta of 0.68. The company has a debt-to-equity ratio of 57.39, a quick ratio of 1.61 and a current ratio of 0.22. The stock has a 50 day moving average price of GBX 34.39 and a two-hundred day moving average price of GBX 34.23.

Real Estate Investors Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 11th were given a dividend of GBX 0.50 ($0.01) per share. This represents a yield of 1.35%. The ex-dividend date was Thursday, July 11th. Real Estate Investors’s payout ratio is presently -4,000.00%.

Insiders Place Their Bets

In other Real Estate Investors news, insider Marcus Daly purchased 250,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were acquired at an average price of GBX 37 ($0.49) per share, for a total transaction of £92,500 ($121,630.51). In related news, insider Paul Bassi bought 107,165 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was purchased at an average price of GBX 36 ($0.47) per share, with a total value of £38,579.40 ($50,728.99). Also, insider Marcus Daly purchased 250,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was purchased at an average cost of GBX 37 ($0.49) per share, for a total transaction of £92,500 ($121,630.51). Insiders own 23.02% of the company’s stock.

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.