Real Estate Credit Investments (LON:RECI) Hits New 1-Year Low – What’s Next?

Real Estate Credit Investments Limited (LON:RECI)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 112 and last traded at GBX 115, with a volume of 496855 shares trading hands. The stock had previously closed at GBX 118.

Real Estate Credit Investments Price Performance

The company has a current ratio of 26.75, a quick ratio of 0.10 and a debt-to-equity ratio of 38.72. The stock’s fifty day moving average price is GBX 116.84 and its two-hundred day moving average price is GBX 117.50. The firm has a market capitalization of £254.20 million, a price-to-earnings ratio of 16.67 and a beta of 0.20.

Real Estate Credit Investments (LON:RECI) last announced its earnings results on Thursday, June 25th. The company reported GBX 6.90 earnings per share (EPS) for the quarter. The firm had revenue of GBX 3,329 million during the quarter. Real Estate Credit Investments had a return on equity of 4.90% and a net margin of 58.16%. Equities research analysts expect that Real Estate Credit Investments Limited will post 9.1564528 EPS for the current year.

Insider Buying and Selling at Real Estate Credit Investments

In related news, insider Colleen McHugh purchased 7,000 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was acquired at an average price of GBX 116 per share, for a total transaction of £8,120. 0.41% of the stock is currently owned by insiders.

About Real Estate Credit Investments

Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain.

RECI is externally managed by Cheyne Capital’s real estate business which was formed in 2008 and currently manages c. $5bn via private funds and managed accounts. RECI’s overarching aim is to deliver a stable quarterly dividend with minimal volatility, through economic and credit cycles via a levered exposure to real estate credit investments.