Andreas Tautscher Acquires 9,500 Shares of Real Estate Credit Investments (LON:RECI) Stock

Key Points

  • Insider Andreas Tautscher purchased 9,500 shares on March 10 at an average price of GBX 127, for a total outlay of about £12,065.
  • Real Estate Credit Investments is a closed-ended fund that originates and invests in secured commercial real estate debt across Western Europe and is externally managed by Cheyne Capital, aiming to deliver a stable quarterly dividend via leveraged real estate credit exposure.
  • The stock trades around GBX 127 (near its 52-week high of GBX 132), has a market cap of £281.55 million, a PE of 14.77 and a low beta (0.17), with 50- and 200-day moving averages near GBX 125.

Real Estate Credit Investments Limited (LON:RECI - Get Free Report) insider Andreas Tautscher purchased 9,500 shares of the company's stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average cost of GBX 127 per share, for a total transaction of £12,065.

Real Estate Credit Investments Trading Down 0.4%

Shares of Real Estate Credit Investments stock opened at GBX 127 on Thursday. The company has a debt-to-equity ratio of 34.14, a quick ratio of 0.10 and a current ratio of 5.74. Real Estate Credit Investments Limited has a 52 week low of GBX 118 and a 52 week high of GBX 132. The stock has a 50 day moving average price of GBX 125 and a two-hundred day moving average price of GBX 124.66. The stock has a market capitalization of £281.55 million, a PE ratio of 14.77 and a beta of 0.17.

Real Estate Credit Investments Company Profile

(Get Free Report)

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.

Further Reading

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