Real Estate Investors (LON:RLE) Stock Price Crosses Below 200 Day Moving Average of $38.23

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Real Estate Investors plc (LON:RLEGet Rating)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 38.23 ($0.46) and traded as low as GBX 35 ($0.42). Real Estate Investors shares last traded at GBX 35.50 ($0.43), with a volume of 408,998 shares changing hands.

Real Estate Investors Stock Down 1.1 %

The firm has a 50 day simple moving average of GBX 36.75 and a two-hundred day simple moving average of GBX 38.23. The company has a debt-to-equity ratio of 87.21, a quick ratio of 1.09 and a current ratio of 1.56. The stock has a market cap of £63.00 million and a P/E ratio of 443.75.

Real Estate Investors Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, July 22nd. Shareholders of record on Thursday, June 30th were paid a dividend of GBX 0.81 ($0.01) per share. This represents a yield of 2.29%. The ex-dividend date was Thursday, June 30th. Real Estate Investors’s payout ratio is currently 46.88%.

About Real Estate Investors

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Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.59 million sq ft 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.

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