TR Property Investment Trust (LON:TRY) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of TR Property Investment Trust plc (LON:TRY) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 329.86 ($4.10) and traded as low as GBX 312 ($3.88). TR Property Investment Trust shares last traded at GBX 313 ($3.89), with a volume of 515,558 shares trading hands.

TR Property Investment Trust Stock Performance

The firm has a market cap of £993.31 million, a P/E ratio of -177.84 and a beta of 0.93. The company has a debt-to-equity ratio of 7.12, a quick ratio of 3.14 and a current ratio of 4.28. The stock’s 50-day moving average is GBX 314.91 and its 200 day moving average is GBX 329.86.

TR Property Investment Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be issued a GBX 5.65 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 1.78%. TR Property Investment Trust’s dividend payout ratio (DPR) is currently -852.27%.

Insider Activity

In other news, insider Kate Bolsover purchased 4,683 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were purchased at an average price of GBX 318 ($3.95) per share, with a total value of £14,891.94 ($18,499.30). Also, insider Andrew Vaughan acquired 12,675 shares of TR Property Investment Trust stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of GBX 316 ($3.93) per share, with a total value of £40,053 ($49,755.28). 5.03% of the stock is currently owned by company insiders.

TR Property Investment Trust Company Profile

TR Property Investment Trust plc is a closed-ended equity mutual fund launched by F&C Investment Business Ltd. The fund is managed by Thames River Capital LLP. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies that are operating in the real estate sector.