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

Real Estate Investors (LON:RLE) issued 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 Stock Down 0.7 %

Shares of RLE stock traded down GBX 0.20 ($0.00) during trading hours on Thursday, hitting GBX 30 ($0.39). 3,091,197 shares of the company’s stock traded hands, compared to its average volume of 287,043. Real Estate Investors has a 12 month low of GBX 28 ($0.36) and a 12 month high of GBX 37.80 ($0.49). The stock has a market cap of £52.31 million, a PE ratio of -4.42 and a beta of 0.66. The stock’s 50 day simple moving average is GBX 29.88 and its 200 day simple moving average is GBX 31.07.

Real Estate Investors Cuts Dividend

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

Insider Buying and Selling

In related news, insider Paul Bassi bought 500,000 shares of Real Estate Investors stock in a transaction that occurred on Tuesday, March 25th. The shares were acquired at an average cost of GBX 29 ($0.37) per share, for a total transaction of £145,000 ($186,687.27). 18.86% of the stock is currently owned by insiders.

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.