Real Estate Investors (LON:RLE) Reaches New 12-Month High on Insider Buying Activity

Real Estate Investors Plc (LON:RLE) reached a new 52-week high during mid-day trading on Wednesday after an insider bought additional shares in the company. The company traded as high as GBX 37 ($0.47) and last traded at GBX 36 ($0.46), with a volume of 87091 shares traded. The stock had previously closed at GBX 36 ($0.46).

Specifically, insider Marcus Daly purchased 250,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was bought at an average cost of GBX 37 ($0.47) per share, for a total transaction of £92,500 ($117,341.11). In other Real Estate Investors news, insider Marcus Daly purchased 250,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were purchased at an average cost of GBX 37 ($0.47) per share, with a total value of £92,500 ($117,341.11). Also, insider Paul Bassi acquired 107,165 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were bought at an average cost of GBX 36 ($0.46) per share, with a total value of £38,579.40 ($48,940.00). 35.05% of the stock is currently owned by company insiders.

Real Estate Investors Stock Performance

The company has a debt-to-equity ratio of 57.39, a quick ratio of 1.61 and a current ratio of 0.22. The firm has a market capitalization of £62.58 million, a price-to-earnings ratio of -720.00 and a beta of 0.67. The business has a fifty day moving average price of GBX 34.94 and a 200 day moving average price of GBX 32.94.

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.