Paul Bassi Purchases 500,000 Shares of Real Estate Investors Plc (LON:RLE) Stock

Real Estate Investors Plc (LON:RLE) insider Paul Bassi purchased 500,000 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was bought at an average price of GBX 29 ($0.37) per share, for a total transaction of £145,000 ($186,687.27).

Real Estate Investors Stock Up 4.6 %

RLE stock opened at GBX 30.64 ($0.39) on Thursday. The company has a market cap of £53.43 million, a price-to-earnings ratio of -4.52 and a beta of 0.66. The business has a fifty day simple moving average of GBX 29.88 and a 200-day simple moving average of GBX 31.07. Real Estate Investors Plc has a 52 week low of GBX 28 ($0.36) and a 52 week high of GBX 37.80 ($0.49).

Real Estate Investors (LON:RLE) last announced its quarterly earnings results on Tuesday, March 25th. The company reported GBX (1.35) (($0.02)) EPS for the quarter. Real Estate Investors had a negative return on equity of 12.67% and a negative net margin of 106.92%. As a group, analysts expect that Real Estate Investors Plc will post 4.3650794 earnings per share for the current fiscal year.

Real Estate Investors Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 3rd will be given a dividend of GBX 0.40 ($0.01) per share. This represents a yield of 1.37%. The ex-dividend date is Thursday, April 3rd. Real Estate Investors’s dividend payout ratio (DPR) is presently -29.49%.

Real Estate Investors Company Profile

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.