TR Property Investment Trust (LON:TRY) Hits New 1-Year Low - What's Next?

TR Property Investment Trust plc (LON:TRY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 287.97 ($3.52) and last traded at GBX 289 ($3.54), with a volume of 1035983 shares changing hands. The stock had previously closed at GBX 289.50 ($3.54).

TR Property Investment Trust Trading Up 2.6 %

The stock has a market cap of £940.94 million, a PE ratio of -168.47 and a beta of 0.93. The company has a debt-to-equity ratio of 7.12, a quick ratio of 3.14 and a current ratio of 4.28. The business has a 50-day moving average of GBX 311.33 and a 200 day moving average of GBX 328.96.

TR Property Investment Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 12th were paid a GBX 5.65 ($0.07) dividend. The ex-dividend date was Thursday, December 12th. This represents a yield of 1.78%. TR Property Investment Trust's payout ratio is currently -852.27%.

Insiders Place Their Bets

In other news, insider Kate Bolsover acquired 4,683 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was acquired at an average cost of GBX 318 ($3.89) per share, for a total transaction of £14,891.94 ($18,223.13). Also, insider Andrew Vaughan bought 12,675 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of GBX 316 ($3.87) per share, with a total value of £40,053 ($49,012.48). Corporate insiders own 5.03% of the company's stock.

About TR Property Investment Trust

TR Property Investment Trust plc is a closed-ended equity mutual fund launched by F&C Investment Business Ltd. The fund is managed by Thames River Capital LLP. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies that are operating in the real estate sector.