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Residential Secure Income (LON:RESI) Stock Price Down 1% - Time to Sell?

Residential Secure Income logo with Real Estate background

Residential Secure Income plc (LON:RESI - Get Free Report) fell 1% during mid-day trading on Thursday . The stock traded as low as GBX 58.60 ($0.76) and last traded at GBX 58.60 ($0.76). 257,785 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 302,949 shares. The stock had previously closed at GBX 59.20 ($0.77).

Residential Secure Income Stock Down 1.0 %

The company has a debt-to-equity ratio of 140.63, a quick ratio of 0.83 and a current ratio of 1.05. The firm's 50-day simple moving average is GBX 55.15 and its 200-day simple moving average is GBX 51.40. The company has a market capitalization of £108.50 million, a price-to-earnings ratio of -2,930.00 and a beta of 0.21.

Residential Secure Income Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, September 9th. Stockholders of record on Thursday, August 8th were given a dividend of GBX 1.03 ($0.01) per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a dividend yield of 2.05%. Residential Secure Income's dividend payout ratio (DPR) is currently -20,000.00%.

Residential Secure Income Company Profile

(Get Free Report)

Residential Secure Income plc (ReSI or the Company) LSE: RESI is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes.

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