Real Estate Credit Investments (LON:RECI) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Real Estate Credit Investments Limited (LON:RECI) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 124.70 and traded as high as GBX 127.50. Real Estate Credit Investments shares last traded at GBX 125.50, with a volume of 178,980 shares traded.

Real Estate Credit Investments Stock Up 1.4%

The firm has a market cap of £282.08 million, a P/E ratio of 14.80 and a beta of 0.42. The company’s 50-day simple moving average is GBX 124.43 and its 200 day simple moving average is GBX 124.70. The company has a debt-to-equity ratio of 7.29, a current ratio of 7.27 and a quick ratio of 0.10.

Real Estate Credit Investments (LON:RECI) last announced its earnings results on Thursday, November 27th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. Real Estate Credit Investments had a net margin of 814.69% and a return on equity of 72.23%. Research analysts anticipate that Real Estate Credit Investments Limited will post 9.1564528 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Colleen McHugh bought 8,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was purchased at an average price of GBX 124 per share, for a total transaction of £9,920. Also, insider Sally-Ann Farnon (Susie) bought 20,500 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were bought at an average cost of GBX 121 per share, for a total transaction of £24,805. Corporate insiders own 0.40% of the company’s stock.

About Real Estate Credit Investments

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.