Real Estate Credit Investments Limited (LON:RECI) Declares Dividend of GBX 3

Real Estate Credit Investments Limited (LON:RECI) announced a dividend on Thursday, November 28th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, December 5th will be paid a dividend of GBX 3 ($0.04) per share on Friday, January 3rd. This represents a yield of 2.38%. The ex-dividend date is Thursday, December 5th. The official announcement can be viewed at this link.

Real Estate Credit Investments Stock Performance

LON RECI opened at GBX 126 ($1.60) on Thursday. The company has a 50-day moving average of GBX 128.10 and a 200-day moving average of GBX 124.81. The company has a debt-to-equity ratio of 7.29, a current ratio of 0.88 and a quick ratio of 0.10. Real Estate Credit Investments has a 12 month low of GBX 113.50 ($1.44) and a 12 month high of GBX 132 ($1.67). The company has a market cap of £279.58 million, a P/E ratio of 1,260.00 and a beta of 0.42.

Insider Buying and Selling

In other news, insider Andreas Tautscher purchased 7,500 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was bought at an average cost of GBX 129 ($1.64) per share, for a total transaction of £9,675 ($12,265.47). 0.50% of the stock is currently owned by company insiders.

About Real Estate Credit Investments

Real Estate Credit Investments Limited is a closed-ended fixed income mutual fund launched and managed by Cheyne Capital Management (UK) LLP. The fund invests in the fixed income markets across the globe. It primarily makes its investments in asset backed securities. The fund considers coupon or cash flows on the tranche relative to the underlying credit to make its investments.