Real Estate Credit Investments’ (RECI) “Hold” Rating Reiterated at Jefferies Financial Group

by · The Cerbat Gem

Jefferies Financial Group reiterated their hold rating on shares of Real Estate Credit Investments (LON:RECI – Free Report) in a report issued on Thursday morning,Digital Look reports.

Real Estate Credit Investments Stock Performance

Shares of RECI opened at GBX 114 on Thursday. The firm has a 50-day moving average of GBX 115.01 and a 200-day moving average of GBX 118.35. Real Estate Credit Investments has a one year low of GBX 111.50 and a one year high of GBX 128. The company has a market cap of £251.99 million, a PE ratio of 16.52 and a beta of 0.20. The company has a debt-to-equity ratio of 38.72, a current ratio of 26.75 and a quick ratio of 0.10.

Real Estate Credit Investments Company Profile

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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.

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