Real Estate Investors (LON:RLE) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Real Estate Investors Plc (LON:RLEGet Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 32.03 and traded as low as GBX 31.30. Real Estate Investors shares last traded at GBX 31.70, with a volume of 70,474 shares traded.

Real Estate Investors Stock Up 0.8%

The firm has a fifty day moving average of GBX 31.80 and a 200-day moving average of GBX 32.03. The stock has a market capitalization of £55.36 million, a price-to-earnings ratio of 47.97 and a beta of 0.66.

Real Estate Investors Company Profile

(Get Free Report)

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. The portfolio has no material reliance on a single asset or occupier. On 1st January 2015, the Company converted to a REIT. Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities.

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