Real Estate Credit Investments Limited (LON:RECI) to Issue GBX 3 Dividend

Real Estate Credit Investments Limited (LON:RECI) announced a dividend on Thursday, November 28th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 3 ($0.04) per share on Friday, January 3rd. This represents a yield of 2.38%. The ex-dividend date is Thursday, December 5th. The official announcement can be viewed at this link.

Real Estate Credit Investments Stock Performance

LON:RECI opened at GBX 126 ($1.60) on Thursday. The firm’s fifty day simple moving average is GBX 128.10 and its 200-day simple moving average is GBX 124.81. The company has a quick ratio of 0.10, a current ratio of 0.88 and a debt-to-equity ratio of 7.29. The stock has a market cap of £279.58 million, a PE ratio of 1,260.00 and a beta of 0.42. Real Estate Credit Investments has a fifty-two week low of GBX 113.50 ($1.44) and a fifty-two week high of GBX 132 ($1.67).

Insider Buying and Selling

In other news, insider Andreas Tautscher bought 7,500 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were bought at an average cost of GBX 129 ($1.64) per share, for a total transaction of £9,675 ($12,265.47). 0.50% of the stock is owned by insiders.

About Real Estate Credit Investments

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.