Real Estate Investors (LON:RLE) Hits New 1-Year Low – Time to Sell?

Real Estate Investors Plc (LON:RLE)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 28.50 ($0.36) and last traded at GBX 29.65 ($0.38), with a volume of 247191 shares. The stock had previously closed at GBX 30.50 ($0.39).

Real Estate Investors Stock Performance

The company has a current ratio of 0.19, a quick ratio of 1.61 and a debt-to-equity ratio of 53.05. The stock’s 50 day moving average price is GBX 32.38 and its 200 day moving average price is GBX 33.73. The company has a market capitalization of £50.57 million, a price-to-earnings ratio of -414.29 and a beta of 0.66.

Real Estate Investors Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 24th will be paid a dividend of GBX 0.50 ($0.01) per share. This represents a dividend yield of 1.64%. The ex-dividend date is Tuesday, December 24th. Real Estate Investors’s dividend payout ratio is currently -2,857.14%.

About Real Estate Investors

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.