Real Estate Credit Investments Limited (LON:RECI) Insider Andreas Tautscher Purchases 7,500 Shares

Real Estate Credit Investments Limited (LON:RECI - Get Free Report) insider Andreas Tautscher purchased 7,500 shares of the stock in a transaction dated Wednesday, October 9th. The stock was purchased at an average price of GBX 129 ($1.69) per share, with a total value of £9,675 ($12,661.96).

Real Estate Credit Investments Stock Performance

Shares of LON RECI remained flat at GBX 127.50 ($1.67) during midday trading on Thursday. 233,010 shares of the stock traded hands, compared to its average volume of 474,352. The firm has a market cap of £282.91 million, a price-to-earnings ratio of 1,275.00 and a beta of 0.42. Real Estate Credit Investments Limited has a 1-year low of GBX 113.50 ($1.49) and a 1-year high of GBX 132.50 ($1.73). The company has a debt-to-equity ratio of 7.29, a quick ratio of 0.10 and a current ratio of 0.88. The business has a fifty day simple moving average of GBX 127.66 and a two-hundred day simple moving average of GBX 121.91.

Real Estate Credit Investments Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be paid a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 2.31%. The ex-dividend date is Thursday, September 26th. Real Estate Credit Investments's dividend payout ratio is currently 12,000.00%.

Real Estate Credit Investments Company Profile

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.