Real Estate Credit Investments (LON:RECI) Stock Price Passes Above Two Hundred Day Moving Average of $121.35

Real Estate Credit Investments Limited (LON:RECI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 121.35 ($1.62) and traded as high as GBX 129 ($1.73). Real Estate Credit Investments shares last traded at GBX 127.50 ($1.71), with a volume of 331,078 shares.

Real Estate Credit Investments Stock Performance

The stock has a market cap of £282.91 million, a price-to-earnings ratio of 1,275.00 and a beta of 0.42. The company has a quick ratio of 0.10, a current ratio of 0.88 and a debt-to-equity ratio of 7.29. The company has a 50 day simple moving average of GBX 126.70 and a 200 day simple moving average of GBX 121.40.

Real Estate Credit Investments Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be paid a GBX 3 ($0.04) dividend. This represents a yield of 2.31%. The ex-dividend date of this dividend is Thursday, September 26th. Real Estate Credit Investments’s payout ratio is 12,000.00%.

About Real Estate Credit Investments

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.