Real Estate Credit Investments (LON:RECI) Sets New 52-Week Low – Time to Sell?

Shares of Real Estate Credit Investments Limited (LON:RECI) hit a new 52-week low during 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 firm has a market cap of £253.10 million, a price-to-earnings ratio of 16.59 and a beta of 0.20. The company has a 50 day moving average of GBX 116.84 and a 200 day moving average of GBX 117.40.

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

Insider Activity

In other Real Estate Credit Investments news, insider Colleen McHugh acquired 7,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were acquired at an average price of GBX 116 per share, with a total value of £8,120. 0.41% of the stock is owned by company 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.