Real Estate Credit Investments Limited (RECI) to Issue Dividend of GBX 3 on October 13th

Posted by Amber O'Connor on Sep 19th, 2023

Real Estate Credit Investments Limited (LON:RECI – Get Free Report) declared a dividend on Thursday, September 14th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 21st will be given a dividend of GBX 3 ($0.04) per share on Friday, October 13th. This represents a dividend yield of 2.3%. The ex-dividend date is Thursday, September 21st. The official announcement can be seen at this link.

Real Estate Credit Investments Stock Performance

Shares of RECI opened at GBX 132.50 ($1.64) on Tuesday. The stock has a 50 day moving average of GBX 125.41 and a 200 day moving average of GBX 127.85. The company has a market capitalization of £303.86 million, a price-to-earnings ratio of 1,468.89 and a beta of 0.44. Real Estate Credit Investments has a 12 month low of GBX 109.50 ($1.36) and a 12 month high of GBX 145.50 ($1.80). The company has a current ratio of 0.22, a quick ratio of 0.10 and a debt-to-equity ratio of 23.79.

Insider Transactions at Real Estate Credit Investments

In related news, insider Bob Cowdell purchased 5,000 shares of Real Estate Credit Investments stock in a transaction that occurred on Thursday, July 13th. The stock was bought at an average price of GBX 121 ($1.50) per share, for a total transaction of £6,050 ($7,494.12). In other news, insider Bob Cowdell acquired 5,000 shares of Real Estate Credit Investments stock in a transaction on Thursday, July 13th. The stock was acquired at an average cost of GBX 121 ($1.50) per share, with a total value of £6,050 ($7,494.12). Also, insider Colleen McHugh purchased 15,000 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were purchased at an average cost of GBX 123 ($1.52) per share, for a total transaction of £18,450 ($22,853.96). Company insiders own 0.47% of the company’s stock.

Real Estate Credit Investments Company Profile

(Get Free Report)

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.