Real Estate Investors (LON:RLE) Announces Quarterly Earnings Results

Real Estate Investors (LON:RLE) released its earnings results on Tuesday. The company reported GBX (1.35) (($0.02)) earnings per share for the quarter, Digital Look Earnings reports. Real Estate Investors had a negative net margin of 106.92% and a negative return on equity of 12.67%.

Real Estate Investors Trading Down 1.7 %

Shares of LON:RLE opened at GBX 29.70 ($0.38) on Thursday. 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 has a 1 year low of GBX 28 ($0.36) and a 1 year high of GBX 37.80 ($0.49). The firm has a market cap of £51.79 million, a price-to-earnings ratio of -4.38 and a beta of 0.66.

Real Estate Investors Cuts Dividend

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

Insider Transactions at Real Estate Investors

In related news, insider Paul Bassi purchased 500,000 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were bought at an average cost of GBX 29 ($0.37) per share, for a total transaction of £145,000 ($186,687.27). Company insiders own 18.86% of the company’s stock.

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.