TR Property Investment Trust (LON:TRY) Share Price Passes Below 200-Day Moving Average – Should You Sell?

TR Property Investment Trust plc (LON:TRY)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 329.86 ($4.10) and traded as low as GBX 312 ($3.88). TR Property Investment Trust shares last traded at GBX 313 ($3.89), with a volume of 515,558 shares trading hands.

TR Property Investment Trust Stock Performance

The company has a quick ratio of 3.14, a current ratio of 4.28 and a debt-to-equity ratio of 7.12. The firm has a market capitalization of £993.31 million, a P/E ratio of -177.84 and a beta of 0.93. The company’s 50 day moving average is GBX 314.91 and its 200-day moving average is GBX 329.86.

TR Property Investment Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be paid a dividend of GBX 5.65 ($0.07) per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 1.78%. TR Property Investment Trust’s dividend payout ratio (DPR) is presently -852.27%.

Insider Buying and Selling at TR Property Investment Trust

In other TR Property Investment Trust news, insider Andrew Vaughan acquired 12,675 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price of GBX 316 ($3.93) per share, with a total value of £40,053 ($49,755.28). Also, insider Kate Bolsover acquired 4,683 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average price of GBX 318 ($3.95) per share, with a total value of £14,891.94 ($18,499.30). Insiders own 5.03% of the company’s stock.

About TR Property Investment Trust

TR Property Investment Trust plc is a closed-ended equity mutual fund launched by F&C Investment Business Ltd. The fund is managed by Thames River Capital LLP. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies that are operating in the real estate sector.