Residential Secure Income (LON:RESI) Trading 6.6% Higher – Time to Buy?

Residential Secure Income plc (LON:RESI)’s share price shot up 6.6% during trading on Thursday . The stock traded as high as GBX 62 ($0.83) and last traded at GBX 58 ($0.78). 1,931,765 shares changed hands during trading, an increase of 670% from the average session volume of 250,963 shares. The stock had previously closed at GBX 54.40 ($0.73).

Residential Secure Income Price Performance

The business’s 50-day simple moving average is GBX 52.87 and its 200 day simple moving average is GBX 50.78. The company has a market capitalization of £107.39 million, a P/E ratio of -2,900.00 and a beta of 0.21. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 140.63.

Residential Secure Income Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 9th. Investors of record on Thursday, August 8th were issued a dividend of GBX 1.03 ($0.01) per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 2.05%. Residential Secure Income’s payout ratio is -20,000.00%.

Residential Secure Income Company Profile

Residential Secure Income plc (ReSI or the Company) (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes.