Real Estate Credit Investments Limited (LON:RECI – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Friday. The company traded as low as GBX 111.50 and last traded at GBX 113.50, with a volume of 1,306,112 shares. The stock had previously closed at GBX 113.
Real Estate Credit Investments Trading Up 0.4%
The stock has a market cap of £250.88 million, a PE ratio of 16.45 and a beta of 0.20. The business’s fifty day moving average is GBX 115.53 and its 200 day moving average is GBX 116.46. The company has a quick ratio of 0.10, a current ratio of 26.75 and a debt-to-equity ratio of 38.72.
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.
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