TR Property Investment Trust (LON:TRY) Sets New 1-Year Low – Here’s Why

TR Property Investment Trust plc (LON:TRY)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 297.50 ($3.66) and last traded at GBX 298.90 ($3.68), with a volume of 726626 shares. The stock had previously closed at GBX 307.50 ($3.78).

TR Property Investment Trust Price Performance

The company has a quick ratio of 3.14, a current ratio of 4.28 and a debt-to-equity ratio of 7.12. The company’s 50-day moving average is GBX 312.77 and its 200-day moving average is GBX 329.40. The stock has a market cap of £918.73 million, a price-to-earnings ratio of -164.49 and a beta of 0.93.

TR Property Investment Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be given a dividend of GBX 5.65 ($0.07) per share. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 1.78%. TR Property Investment Trust’s dividend payout ratio (DPR) is presently -852.27%.

Insider Activity at TR Property Investment Trust

In other news, insider Andrew Vaughan purchased 12,675 shares of TR Property Investment Trust stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of GBX 316 ($3.89) per share, for a total transaction of £40,053 ($49,283.87). Also, insider Kate Bolsover bought 4,683 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was purchased at an average price of GBX 318 ($3.91) per share, with a total value of £14,891.94 ($18,324.03). 5.03% of the stock is owned by insiders.

About TR Property Investment Trust

TR Property Investment Trust plc is a closed-ended equity mutual fund launched by F&C Investment Business Ltd. The fund is managed by Thames River Capital LLP. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies that are operating in the real estate sector.