Real Estate Investors (LON:RLE) Trading 3% Higher – What’s Next?

Real Estate Investors Plc (LON:RLE) traded up 3% on Tuesday . The company traded as high as GBX 34.51 ($0.45) and last traded at GBX 34 ($0.44). 399,970 shares were traded during mid-day trading, an increase of 140% from the average session volume of 166,638 shares. The stock had previously closed at GBX 33 ($0.43).

Real Estate Investors Stock Performance

The company has a 50-day moving average of GBX 32.85 and a 200-day moving average of GBX 34.16. The firm has a market capitalization of £60.16 million, a price-to-earnings ratio of -492.86 and a beta of 0.66. The company has a current ratio of 0.19, a quick ratio of 1.61 and a debt-to-equity ratio of 53.05.

Real Estate Investors Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, October 3rd were issued a dividend of GBX 0.50 ($0.01) per share. The ex-dividend date was Thursday, October 3rd. This represents a dividend yield of 1.52%. Real Estate Investors’s dividend payout ratio (DPR) is -2,857.14%.

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.