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

Real Estate Credit Investments Limited (LON:RECI) announced a dividend on Thursday, June 20th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 4th will be paid a dividend of GBX 3 ($0.04) per share on Friday, July 26th. This represents a dividend yield of 2.45%. The ex-dividend date is Thursday, July 4th. The official announcement can be accessed at this link.

Real Estate Credit Investments Trading Down 0.7 %

RECI opened at GBX 121.63 ($1.54) on Tuesday. Real Estate Credit Investments has a 1-year low of GBX 109.50 ($1.39) and a 1-year high of GBX 133.50 ($1.69). The stock has a market capitalization of £273.95 million, a PE ratio of 1,113.64 and a beta of 0.42. The company has a current ratio of 0.18, a quick ratio of 0.10 and a debt-to-equity ratio of 17.51. The firm has a 50-day moving average price of GBX 118.93 and a two-hundred day moving average price of GBX 120.41.

Insider Buying and Selling

In other news, insider Bob Cowdell acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of GBX 115 ($1.45) per share, for a total transaction of £23,000 ($29,091.83). In other Real Estate Credit Investments news, insider Colleen McHugh bought 9,000 shares of the stock in a transaction on Thursday, April 4th. The stock was purchased at an average price of GBX 114 ($1.44) per share, with a total value of £10,260 ($12,977.49). Also, insider Bob Cowdell purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was bought at an average cost of GBX 115 ($1.45) per share, for a total transaction of £23,000 ($29,091.83). 0.50% of the stock is currently owned by corporate 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.