Insider Buying: Real Estate Investors Plc (LON:RLE) Insider Acquires 500,000 Shares of Stock

Real Estate Investors Plc (LON:RLE) insider Paul Bassi acquired 500,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was acquired at an average cost of GBX 29 ($0.38) per share, for a total transaction of £145,000 ($187,726.57).

Real Estate Investors Price Performance

RLE stock opened at GBX 30 ($0.39) on Friday. The stock has a market capitalization of £52.31 million, a P/E ratio of -4.42 and a beta of 0.66. Real Estate Investors Plc has a 1-year low of GBX 28 ($0.36) and a 1-year high of GBX 37.80 ($0.49). The business has a fifty day moving average price of GBX 29.86 and a 200-day moving average price of GBX 31.05.

Real Estate Investors (LON:RLE) last released its quarterly earnings data on Tuesday, March 25th. The company reported GBX (1.35) (($0.02)) EPS for the quarter. Real Estate Investors had a negative return on equity of 12.67% and a negative net margin of 106.92%. As a group, analysts anticipate that Real Estate Investors Plc will post 4.3650794 earnings per share for the current year.

Real Estate Investors Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 3rd will be issued a dividend of GBX 0.40 ($0.01) per share. The ex-dividend date is Thursday, April 3rd. This represents a dividend yield of 1.37%. Real Estate Investors’s payout ratio is -29.49%.

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.