Real Estate Credit Investments (LON:RECI) Sets New 1-Year Low – Time to Sell?

Real Estate Credit Investments Limited (LON:RECI) shares hit a new 52-week low on Wednesday . The stock traded as low as GBX 116.50 and last traded at GBX 118.86, with a volume of 204969 shares. The stock had previously closed at GBX 120.

Real Estate Credit Investments Stock Performance

The stock has a 50-day simple moving average of GBX 124.56 and a 200-day simple moving average of GBX 124.35. The company has a debt-to-equity ratio of 34.14, a current ratio of 5.74 and a quick ratio of 0.10. The stock has a market cap of £263.51 million, a PE ratio of 13.82 and a beta of 0.12.

Insider Activity

In other news, insider Andreas Tautscher bought 9,500 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average price of GBX 127 per share, for a total transaction of £12,065. Also, insider Colleen McHugh bought 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average cost of GBX 122 per share, with a total value of £7,320. Insiders own 0.40% of the company’s stock.

Real Estate Credit Investments Company Profile

Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain.

RECI is externally managed by Cheyne Capital’s real estate business which was formed in 2008 and currently manages c. $5bn via private funds and managed accounts. RECI’s overarching aim is to deliver a stable quarterly dividend with minimal volatility, through economic and credit cycles via a levered exposure to real estate credit investments.