Paul Bassi Acquires 500,000 Shares of Real Estate Investors Plc (LON:RLE) Stock

Real Estate Investors Plc (LON:RLE) insider Paul Bassi acquired 500,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was bought at an average cost of GBX 29 ($0.38) per share, with a total value of £145,000 ($187,677.97).

Real Estate Investors Trading Up 0.8 %

Real Estate Investors stock opened at GBX 30.25 ($0.39) on Friday. The firm has a market cap of £52.75 million, a PE ratio of -4.46 and a beta of 0.66. Real Estate Investors Plc has a 12 month low of GBX 28 ($0.36) and a 12 month high of GBX 37.80 ($0.49). The stock’s 50 day simple moving average is GBX 29.86 and its two-hundred day simple moving average is GBX 31.03.

Real Estate Investors (LON:RLE) last announced its quarterly earnings results on Tuesday, March 25th. The company reported GBX (1.35) (($0.02)) earnings per share (EPS) for the quarter. Real Estate Investors had a negative return on equity of 12.67% and a negative net margin of 106.92%. On average, equities research analysts forecast that Real Estate Investors Plc will post 4.3650794 EPS for the current year.

Real Estate Investors Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 3rd will be given a dividend of GBX 0.40 ($0.01) per share. This represents a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, April 3rd. Real Estate Investors’s dividend payout ratio (DPR) is presently -29.49%.

Real Estate Investors Company Profile

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.