Residential Secure Income (LON:RESI) Trading 1.1% Higher – Here’s What Happened

Residential Secure Income plc (LON:RESI)’s share price was up 1.1% during trading on Wednesday . The stock traded as high as GBX 57.35 and last traded at GBX 55.80. Approximately 2,100,583 shares were traded during trading, an increase of 288% from the average session volume of 541,036 shares. The stock had previously closed at GBX 55.20.

Residential Secure Income Stock Up 1.1%

The company has a fifty day moving average of GBX 53.31 and a two-hundred day moving average of GBX 54.36. The stock has a market capitalization of £103.32 million, a price-to-earnings ratio of -69.75 and a beta of 0.45.

Residential Secure Income (LON:RESI) last announced its quarterly earnings data on Wednesday, June 24th. The company reported GBX 0.60 earnings per share (EPS) for the quarter. The company had revenue of GBX 1,491 million for the quarter. Residential Secure Income had a negative net margin of 30.59% and a negative return on equity of 6.87%. Equities analysts anticipate that Residential Secure Income plc will post 6.1000003 earnings per share for the current fiscal year.

Residential Secure Income Company Profile

Residential Secure Income plc (ReSI or the Company) (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes. Our purpose is to deliver affordable, high-quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through meeting demand from housing developers (housing associations, local authorities and private developers) for long-term investment partners to accelerate the development of socially and economically beneficial affordable housing.