Real Estate Credit Investments (LON:RECI) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of Real Estate Credit Investments Limited (LON:RECI) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 116.71 and traded as high as GBX 117. Real Estate Credit Investments shares last traded at GBX 116.34, with a volume of 208,136 shares traded.

Real Estate Credit Investments Trading Down 1.2%

The firm has a market capitalization of £255.51 million, a price-to-earnings ratio of 16.75 and a beta of 0.29. The business’s 50 day moving average price is GBX 116.71 and its 200-day moving average price is GBX 120.56. The company has a debt-to-equity ratio of 38.72, a current ratio of 26.75 and a quick ratio of 0.10.

Real Estate Credit Investments (LON:RECI) last announced its quarterly earnings data on Thursday, June 25th. The company reported GBX 6.90 EPS for the quarter. Real Estate Credit Investments had a net margin of 70.68% and a return on equity of 4.87%. The firm had revenue of GBX 3,329 million during the quarter. Equities analysts forecast that Real Estate Credit Investments Limited will post 9.1564528 EPS for the current fiscal year.

Insider Transactions at Real Estate Credit Investments

In related news, insider Colleen McHugh purchased 7,000 shares of the stock in a transaction dated Monday, June 29th. The shares were acquired at an average cost of GBX 116 per share, with a total value of £8,120. Insiders own 0.41% of the company’s stock.

Real Estate Credit Investments Company Profile

Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain.

RECI is externally managed by Cheyne Capital’s real estate business which was formed in 2008 and currently manages c. $5bn via private funds and managed accounts. RECI’s overarching aim is to deliver a stable quarterly dividend with minimal volatility, through economic and credit cycles via a levered exposure to real estate credit investments.