Real Estate Investors (LON:RLE) Sets New 12-Month Low – Here’s Why

Real Estate Investors Plc (LON:RLE) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 28.50 ($0.36) and last traded at GBX 29.65 ($0.38), with a volume of 247191 shares trading hands. The stock had previously closed at GBX 30.50 ($0.39).

Real Estate Investors Price Performance

The company has a 50 day moving average price of GBX 32.55 and a 200 day moving average price of GBX 33.79. The company has a market capitalization of £51.70 million, a price-to-earnings ratio of -423.57 and a beta of 0.66. The company has a current ratio of 0.19, a quick ratio of 1.61 and a debt-to-equity ratio of 53.05.

Real Estate Investors Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 24th will be paid a dividend of GBX 0.50 ($0.01) per share. The ex-dividend date is Tuesday, December 24th. This represents a dividend yield of 1.64%. Real Estate Investors’s dividend payout ratio (DPR) is presently -2,857.14%.

About Real Estate Investors

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.