Real Estate Credit Investments (LON:RECI) Stock Crosses Above 50 Day Moving Average – Here’s Why

Shares of Real Estate Credit Investments Limited (LON:RECI) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 116.71 and traded as high as GBX 117. Real Estate Credit Investments shares last traded at GBX 116.34, with a volume of 208,136 shares.

Real Estate Credit Investments Stock Performance

The company has a debt-to-equity ratio of 38.72, a current ratio of 26.75 and a quick ratio of 0.10. The company has a market capitalization of £255.51 million, a PE ratio of 16.75 and a beta of 0.29. The stock has a 50-day simple moving average of GBX 116.71 and a 200 day simple moving average of GBX 120.56.

Real Estate Credit Investments (LON:RECI) last announced its quarterly earnings results on Thursday, June 25th. The company reported GBX 6.90 earnings per share for the quarter. The business had revenue of GBX 3,329 million during the quarter. Real Estate Credit Investments had a return on equity of 4.87% and a net margin of 70.68%. Equities analysts anticipate that Real Estate Credit Investments Limited will post 9.1564528 EPS for the current fiscal year.

Insiders Place Their Bets

In other Real Estate Credit Investments news, insider Colleen McHugh bought 7,000 shares of the company’s stock in a transaction on Monday, June 29th. The stock was purchased at an average cost of GBX 116 per share, for a total transaction of £8,120. Company insiders own 0.41% of the company’s stock.

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.