Real Estate Credit Investments (LON:RECI) Insider Colleen McHugh Buys 6,000 Shares

Real Estate Credit Investments Limited (LON:RECI) insider Colleen McHugh purchased 6,000 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were bought at an average price of GBX 122 per share, for a total transaction of £7,320.

Real Estate Credit Investments Stock Performance

Shares of LON RECI traded up GBX 1 during mid-day trading on Friday, hitting GBX 121.50. The company had a trading volume of 183,010 shares, compared to its average volume of 398,199. Real Estate Credit Investments Limited has a 12 month low of GBX 118 and a 12 month high of GBX 132. The stock has a market cap of £269.36 million, a price-to-earnings ratio of 14.13 and a beta of 0.12. The company has a debt-to-equity ratio of 34.14, a current ratio of 5.74 and a quick ratio of 0.10. The firm’s 50 day simple moving average is GBX 124.83 and its two-hundred day simple moving average is GBX 124.57.

Real Estate Credit Investments Company Profile

Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain.

RECI is externally managed by Cheyne Capital’s real estate business which was formed in 2008 and currently manages c. $5bn via private funds and managed accounts. RECI’s overarching aim is to deliver a stable quarterly dividend with minimal volatility, through economic and credit cycles via a levered exposure to real estate credit investments.