Residential Secure Income (LON:RESI) Shares Down 1.1%

Shares of Residential Secure Income plc (LON:RESI) traded down 1.1% on Thursday . The company traded as low as GBX 53.60 ($0.70) and last traded at GBX 54.20 ($0.70). 215,880 shares changed hands during trading, a decline of 11% from the average session volume of 242,970 shares. The stock had previously closed at GBX 54.80 ($0.71).

Residential Secure Income Stock Performance

The firm’s 50 day moving average is GBX 50.06 and its 200 day moving average is GBX 50.05. The company has a debt-to-equity ratio of 140.63, a quick ratio of 0.83 and a current ratio of 1.05. The stock has a market cap of £100.36 million, a P/E ratio of -2,710.00 and a beta of 0.19.

Residential Secure Income Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, September 9th. Stockholders of record on Thursday, August 8th will be given a dividend of GBX 1.03 ($0.01) per share. This represents a dividend yield of 2.05%. The ex-dividend date is Thursday, August 8th. Residential Secure Income’s payout ratio is presently -20,000.00%.

About Residential Secure Income

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.