Real Estate Investors (LON:RLE) Hits New 12-Month Low – Should You Sell?

Real Estate Investors Plc (LON:RLEGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 28 ($0.35) and last traded at GBX 30.75 ($0.39), with a volume of 368279 shares trading hands. The stock had previously closed at GBX 29.50 ($0.37).

Real Estate Investors Price Performance

The business’s 50 day moving average is GBX 31.96 and its 200-day moving average is GBX 33.50. The company has a quick ratio of 1.61, a current ratio of 0.19 and a debt-to-equity ratio of 53.05. The firm has a market capitalization of £53.62 million, a P/E ratio of -439.29 and a beta of 0.66.

Real Estate Investors Announces Dividend

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

About Real Estate Investors

(Get Free Report)

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.

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