Residential Secure Income (LON:RESI) Stock Price Down 1% – Time to Sell?

Residential Secure Income plc (LON:RESI)’s share price 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 were traded during mid-day 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 Price Performance

The company’s fifty day moving average price is GBX 55.15 and its two-hundred day moving average price is GBX 51.40. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 140.63. The company has a market cap of £108.50 million, a price-to-earnings ratio of -2,930.00 and a beta of 0.21.

Residential Secure Income Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, September 9th. Shareholders 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 was Thursday, August 8th. Residential Secure Income’s dividend payout ratio (DPR) 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.