Real Estate Credit Investments (LON:RECI) Stock Crosses Below Two Hundred Day Moving Average of $147.29

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Real Estate Credit Investments Ltd (LON:RECI)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $147.29 and traded as low as $164.00. Real Estate Credit Investments shares last traded at $164.00, with a volume of 720,807 shares trading hands.

Separately, Liberum Capital reaffirmed a “buy” rating on shares of Real Estate Credit Investments in a research note on Friday, September 13th.

The company has a 50 day moving average of GBX 168.09 and a 200-day moving average of GBX 147.29. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.98 and a current ratio of 1.04. The stock has a market cap of $251.45 million and a price-to-earnings ratio of 12.91.

The company also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were paid a dividend of GBX 3 ($0.04) per share. This represents a yield of 1.79%. The ex-dividend date of this dividend was Thursday, August 22nd. Real Estate Credit Investments’s payout ratio is 0.94%.

In other news, insider Bob Cowdell bought 29,000 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were purchased at an average price of GBX 170 ($2.22) per share, with a total value of £49,300 ($64,419.18).

About Real Estate Credit Investments (LON:RECI)

Real Estate Credit Investments Limited is a closed-ended fixed income mutual fund launched and managed by Cheyne Capital Management (UK) LLP. The fund invests in the fixed income markets across the globe. It primarily makes its investments in asset backed securities. The fund considers coupon or cash flows on the tranche relative to the underlying credit to make its investments.

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