Residential Secure Income (LON:RESI) Stock Price Up 6.3%

Residential Secure Income plc (LON:RESI) traded up 6.3% during mid-day trading on Tuesday . The company traded as high as GBX 51.40 ($0.66) and last traded at GBX 51 ($0.66). 335,444 shares were traded during mid-day trading, an increase of 44% from the average session volume of 232,475 shares. The stock had previously closed at GBX 48 ($0.62).

Residential Secure Income Price Performance

The company has a quick ratio of 0.83, a current ratio of 0.41 and a debt-to-equity ratio of 126.48. The company’s fifty day moving average price is GBX 48.19 and its 200 day moving average price is GBX 50.26. The company has a market capitalization of £94.43 million, a P/E ratio of -392.31 and a beta of 0.19.

Residential Secure Income Announces Dividend

The business also recently declared a dividend, which was paid on Friday, July 26th. Investors of record on Thursday, June 27th were paid a GBX 1.03 ($0.01) dividend. This represents a yield of 2.28%. The ex-dividend date of this dividend was Thursday, June 27th. Residential Secure Income’s dividend payout ratio (DPR) is presently -3,076.92%.

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.