Real Estate Investors (LON:RLE) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Real Estate Investors Plc (LON:RLE) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 32.03 and traded as low as GBX 31.30. Real Estate Investors shares last traded at GBX 31.70, with a volume of 70,474 shares traded.

Real Estate Investors Stock Up 1.0%

The business’s 50-day moving average is GBX 31.82 and its 200-day moving average is GBX 32.03. The company has a market capitalization of £55.43 million, a price-to-earnings ratio of 48.03 and a beta of 0.66.

About Real Estate Investors

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. The portfolio has no material reliance on a single asset or occupier. On 1st January 2015, the Company converted to a REIT. Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities.