Bob Cowdell Acquires 29,000 Shares of Real Estate Credit Investments Ltd (LON:RECI) Stock

Real Estate Credit Investments Ltd (LON:RECI) insider Bob Cowdell bought 29,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were bought at an average cost of GBX 170 ($2.22) per share, for a total transaction of £49,300 ($64,419.18).

Bob Cowdell also recently made the following trade(s):

  • On Friday, July 5th, Bob Cowdell bought 26,000 shares of Real Estate Credit Investments stock. The shares were bought at an average cost of GBX 169 ($2.21) per share, for a total transaction of £43,940 ($57,415.39).

Shares of LON:RECI opened at GBX 170 ($2.22) on Friday. The stock has a market capitalization of $260.65 million and a PE ratio of 13.39. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.98 and a current ratio of 1.04. Real Estate Credit Investments Ltd has a 12-month low of GBX 1.67 ($0.02) and a 12-month high of GBX 176 ($2.30). The firm’s 50 day moving average is GBX 170.66.

The business also recently announced a dividend, which will be paid on Friday, July 26th. Investors of record on Thursday, July 4th will be given a dividend of GBX 3 ($0.04) per share. The ex-dividend date is Thursday, July 4th. This represents a dividend yield of 1.76%. Real Estate Credit Investments’s payout ratio is 0.94%.

Separately, Liberum Capital lifted their target price on from GBX 620 ($8.10) to GBX 640 ($8.36) and gave the company a “buy” rating in a research report on Tuesday.

About Real Estate Credit Investments

Real Estate Credit Investments Limited is a closed-ended fixed income mutual fund launched and managed by Cheyne Capital Management (UK) LLP. The fund invests in the fixed income markets across the globe. It primarily makes its investments in asset backed securities. The fund considers coupon or cash flows on the tranche relative to the underlying credit to make its investments.

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