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Highlights
- Key Milestone Real Estate Credit Investments (RECI) shares dropped below the 200-day moving average.
- Market Activity The stock traded at GBX 124.50, with a volume of 287,422 shares.
- Dividend Yield Recently declared a dividend, reflecting a yield of 2.38%.
Real Estate Credit Investments Limited (LON:RECI), a key player in real estate debt investments, recently witnessed its stock trade below its 200-day moving average. The stock recorded a low of GBX 124.50 during trading, slipping past the 200-day average of GBX 125.92. It last traded at GBX 124.50, with an active trading volume of 287,422 shares.The company's 50-day moving average price stood at GBX 125.43, slightly trailing the 200-day moving average. Real Estate Credit Investments has a market capitalization of £280.69 million, highlighting its presence in the LON financial stocks sector. Key financial ratios include a price-to-earnings ratio of 1,265.00, a beta of 0.42, and a debt-to-equity ratio of 7.29, reflecting its leveraged position within the real estate debt market.
Dividend Announcement
In line with its shareholder returns strategy, the company recently declared a dividend, which was paid on January 3rd. The dividend yielded 2.38%, with the ex-dividend date on December 5th. Real Estate Credit Investments maintains a high payout ratio of 12,000.00%, demonstrating its commitment to steady distributions.
About Real Estate Credit Investments
Real Estate Credit Investments is a closed-ended investment company specializing in real estate debt secured by commercial properties across Western Europe. Its primary focus markets include the United Kingdom, France, and Spain. Externally managed by Cheyne Capital's real estate division since its establishment in 2008, the company leverages industry expertise to manage its portfolio effectively.
With its recent movement below the 200-day moving average, Real Estate Credit Investments continues to draw attention in the LON financial stocks segment for its strategic positioning in the real estate debt market.
