Residential Secure Income (LON:RESI) Trading Up 6.6% – Here’s Why

Residential Secure Income plc (LON:RESI)’s share price traded up 6.6% during mid-day trading on Thursday . The stock traded as high as GBX 62 ($0.83) and last traded at GBX 58 ($0.78). 1,931,765 shares changed hands during mid-day trading, an increase of 670% from the average session volume of 250,963 shares. The stock had previously closed at GBX 54.40 ($0.73).

Residential Secure Income Price Performance

The company has a debt-to-equity ratio of 140.63, a current ratio of 1.05 and a quick ratio of 0.83. The company has a market cap of £107.39 million, a P/E ratio of -2,900.00 and a beta of 0.21. The company has a fifty day simple moving average of GBX 52.87 and a 200-day simple moving average of GBX 50.78.

Residential Secure Income Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, September 9th. Investors of record on Thursday, August 8th were given a GBX 1.03 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a dividend yield of 2.05%. Residential Secure Income’s dividend payout ratio (DPR) is presently -20,000.00%.

About Residential Secure Income

Residential Secure Income plc (ReSI or the Company) (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes.