Real Estate Investors (LON:RLE) Stock Price Passes Below 200-Day Moving Average - Here's Why

Shares of Real Estate Investors Plc (LON:RLE - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 31.95 ($0.40) and traded as low as GBX 31 ($0.39). Real Estate Investors shares last traded at GBX 31 ($0.39), with a volume of 19,754 shares changing hands.

Real Estate Investors Trading Down 0.3 %

The company has a market capitalization of £53.88 million, a price-to-earnings ratio of -4.56 and a beta of 0.66. The firm has a 50-day moving average price of GBX 29.95 and a 200-day moving average price of GBX 31.90.

Real Estate Investors Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 24th were paid a GBX 0.50 ($0.01) dividend. The ex-dividend date was Tuesday, December 24th. This represents a dividend yield of 1.64%. Real Estate Investors's payout ratio 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.