Real Estate Investors (LON:RLE) Stock Price Crosses Below 50-Day Moving Average of $54.65

Real Estate Investors PLC. (LON:RLE) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $54.65 and traded as low as $54.25. Real Estate Investors shares last traded at $55.00, with a volume of 151,084 shares traded.

Separately, Liberum Capital reaffirmed a “buy” rating on shares of Real Estate Investors in a research report on Tuesday, March 12th.

The firm has a 50-day moving average price of GBX 54.61. The company has a current ratio of 2.05, a quick ratio of 1.35 and a debt-to-equity ratio of 79.11. The company has a market capitalization of $102.53 million and a PE ratio of 12.50.

The firm also recently announced a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 27th will be given a GBX 0.94 ($0.01) dividend. This is a positive change from Real Estate Investors’s previous dividend of $0.94. The ex-dividend date of this dividend is Thursday, June 27th. This represents a yield of 1.72%. Real Estate Investors’s payout ratio is 0.91%.

Real Estate Investors Company Profile (LON:RLE)

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.5 million sq ft of predominantly 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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