Real Estate Investors Plc (LON:RLE) Insider Buys £145,000 in Stock

Real Estate Investors Plc (LON:RLE) insider Paul Bassi purchased 500,000 shares of Real Estate Investors stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average price of GBX 29 ($0.38) per share, with a total value of £145,000 ($187,726.57).

Real Estate Investors Stock Up 4.6 %

LON:RLE traded up GBX 1.34 ($0.02) during trading hours on Wednesday, hitting GBX 30.64 ($0.40). 2,364,856 shares of the company’s stock traded hands, compared to its average volume of 249,758. Real Estate Investors Plc has a 52 week low of GBX 28 ($0.36) and a 52 week high of GBX 37.80 ($0.49). The business’s fifty day simple moving average is GBX 29.86 and its two-hundred day simple moving average is GBX 31.08. The firm has a market cap of £53.43 million, a P/E ratio of -4.52 and a beta of 0.66.

Real Estate Investors (LON:RLE) last issued its quarterly earnings results on Tuesday, March 25th. The company reported GBX (1.35) (($0.02)) earnings per share (EPS) for the quarter. Real Estate Investors had a negative net margin of 106.92% and a negative return on equity of 12.67%. On average, analysts expect that Real Estate Investors Plc will post 4.3650794 EPS for the current year.

About Real Estate Investors

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.