Residential Secure Income (LON:RESI) Trading 0.3% Higher

Residential Secure Income PLC (LON:RESI) traded up 0.3% during mid-day trading on Wednesday . The company traded as high as GBX 94 ($1.16) and last traded at GBX 93.50 ($1.15), 340,744 shares were traded during mid-day trading. An increase of 210% from the average session volume of 109,806 shares. The stock had previously closed at GBX 93.20 ($1.15).

Separately, Berenberg Bank raised Residential Secure Income to a “buy” rating and decreased their target price for the company from GBX 100 ($1.23) to GBX 90 ($1.11) in a research report on Wednesday, May 6th.

The firm has a market capitalization of $159.90 million and a PE ratio of 21.74. The business has a 50 day moving average price of GBX 90.59 and a 200-day moving average price of GBX 91.98. The company has a current ratio of 3.04, a quick ratio of 1.22 and a debt-to-equity ratio of 75.33.

The firm also recently announced a dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 7th were paid a dividend of GBX 1.25 ($0.02) per share. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, May 7th. Residential Secure Income’s dividend payout ratio (DPR) is 116.28%.

Residential Secure Income Company Profile (LON:RESI)

Residential Secure Income plc ("ReSI" or "the Company") is managed by ReSI Capital Management Limited (the "Fund Manager"), a wholly-owned and separately regulated subsidiary of TradeRisks Limited ("TradeRisks") – a financing adviser and debt arranger with a 17-year track record in the social housing sector.

Further Reading: What does a dividend yield signify to investors?

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