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

Shares of Real Estate Investors Plc (LON:RLE) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 28 ($0.35) and last traded at GBX 28.01 ($0.35), with a volume of 186284 shares changing hands. The stock had previously closed at GBX 29.50 ($0.37).

Real Estate Investors Stock Performance

The company has a debt-to-equity ratio of 53.05, a quick ratio of 1.61 and a current ratio of 0.19. The company has a market capitalization of £48.84 million, a P/E ratio of -400.09 and a beta of 0.66. The stock’s fifty day moving average price is GBX 31.63 and its 200-day moving average price is GBX 33.21.

Real Estate Investors Announces Dividend

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