Residential Secure Income (LON:RESI) Stock Price Down 1% – What’s Next?

Residential Secure Income plc (LON:RESI) traded down 1% on Thursday . The stock traded as low as GBX 58.60 ($0.76) and last traded at GBX 58.60 ($0.76). 257,785 shares changed hands during trading, a decline of 15% from the average session volume of 302,949 shares. The stock had previously closed at GBX 59.20 ($0.77).

Residential Secure Income Stock Performance

The company has a market cap of £111.10 million, a price-to-earnings ratio of -3,000.00 and a beta of 0.21. The company has a debt-to-equity ratio of 140.63, a quick ratio of 0.83 and a current ratio of 1.05. The company has a fifty day moving average of GBX 55.42 and a two-hundred day moving average of GBX 51.50.

Residential Secure Income Announces Dividend

The business also recently announced a dividend, which was paid on Monday, September 9th. Investors of record on Thursday, August 8th were given a dividend of GBX 1.03 ($0.01) per share. This represents a yield of 2.05%. The ex-dividend date of this dividend was Thursday, August 8th. Residential Secure Income’s dividend payout ratio is currently -20,000.00%.

Residential Secure Income Company Profile

Residential Secure Income plc (ReSI or the Company) (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes.