Real Estate Investors (LON:RLE) Stock Price Passes Below 200-Day Moving Average of $29.73

Real Estate Investors logoReal Estate Investors plc (LON:RLE – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 29.73 ($0.39) and trades as low as GBX 29 ($0.38). Real Estate Investors shares last traded at GBX 30 ($0.39), with a volume of 26,258 shares trading hands.

Real Estate Investors Price Performance

The stock’s 50-day moving average is GBX 30.21 and its 200-day moving average is GBX 29.73. The company has a market cap of £51.80 million, a PE ratio of 500.00 and a beta of 0.68. The company has a debt-to-equity ratio of 65.59, a current ratio of 0.51 and a quick ratio of 1.61.

Real Estate Investors Increases Dividends

The firm also recently disclosed a dividend, which will be paid on Friday, July 28th. Stockholders of record on Thursday, July 6th will be paid a GBX 0.63 ($0.01) dividend. The ex-dividend date is Thursday, July 6th. This represents a dividend yield of 2.07%. This is a positive change from Real Estate Investors’ previous dividend of $0.44. Real Estate Investors’ dividend payout ratio is presently 3,333.33%.

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 1.37 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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