Residential Secure Income (LON:RESI) Trading Down 2.2%

Residential Secure Income plc (LON:RESI) was down 2.2% during mid-day trading on Thursday . The company traded as low as GBX 52.58 ($0.69) and last traded at GBX 53.60 ($0.70). Approximately 148,830 shares were traded during trading, a decline of 40% from the average daily volume of 248,562 shares. The stock had previously closed at GBX 54.80 ($0.72).

Residential Secure Income Price Performance

The business’s fifty day moving average is GBX 51.64 and its 200-day moving average is GBX 50.48. The company has a debt-to-equity ratio of 140.63, a current ratio of 1.05 and a quick ratio of 0.83. The firm has a market cap of £99.25 million, a PE ratio of -2,680.00 and a beta of 0.21.

Residential Secure Income Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, September 9th. Stockholders of record on Thursday, August 8th were paid a GBX 1.03 ($0.01) dividend. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 2.05%. Residential Secure Income’s payout ratio is -20,000.00%.

About Residential Secure Income

Residential Secure Income plc (ReSI or the Company) (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes.