Insider Buying: 360 Capital Mortgage REIT (ASX:TCF) Insider Buys 10,000 Shares of Stock

360 Capital Mortgage REIT (ASX:TCF) insider Tony Pitt bought 10,000 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of A$5.88 ($3.75) per share, with a total value of A$58,800.00 ($37,452.23).

Tony Pitt also recently made the following trade(s):

• On Friday, November 29th, Tony Pitt bought 6,000 shares of 360 Capital Mortgage REIT stock. The stock was purchased at an average cost of A$5.93 ($3.78) per share, with a total value of A$35,580.00 ($22,662.42).

360 Capital Mortgage REIT Price Performance

The firm has a market capitalization of $33.05 million and a PE ratio of 13.08.

360 Capital Mortgage REIT Cuts Dividend

The firm also recently declared a Interim dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, March 6th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, February 26th. This represents a dividend yield of 0.85%. 360 Capital Mortgage REIT’s payout ratio is 93.33%.

About 360 Capital Mortgage REIT

360 Capital Mortgage REIT is a closed-ended fixed income mutual fund launched and managed by Elstree Investment Management Limited. The fund invests in the fixed income markets of Australia. It invests in a range of fixed income and hybrid securities, and other debt securities issued by government bodies, companies and specialist financing vehicles.