Real Estate Credit Investments Limited (LON:RECI) Insider Andreas Tautscher Acquires 7,500 Shares

Real Estate Credit Investments Limited (LON:RECI) insider Andreas Tautscher bought 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was acquired at an average price of GBX 129 ($1.69) per share, for a total transaction of £9,675 ($12,661.96).

Real Estate Credit Investments Stock Performance

Shares of LON:RECI opened at GBX 127.50 ($1.67) on Friday. The company has a debt-to-equity ratio of 7.29, a quick ratio of 0.10 and a current ratio of 0.88. The stock has a market capitalization of £282.91 million, a price-to-earnings ratio of 1,275.00 and a beta of 0.42. Real Estate Credit Investments Limited has a 1-year low of GBX 113.50 ($1.49) and a 1-year high of GBX 132.50 ($1.73). The company has a 50 day moving average price of GBX 127.66 and a 200 day moving average price of GBX 121.91.

Real Estate Credit Investments Dividend Announcement

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

Real Estate Credit Investments Company Profile

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.