Residential Secure Income (LON:RESI) Shares Up 0.3% - What's Next?

Key Points

• Residential Secure Income plc's share price increased by 0.3% to GBX 57.40 ($0.78) during trading on Wednesday, despite a decline in trading volume.
• The company reported a negative net margin of 32.98% and earnings per share of GBX 2.80 for the previous quarter.
• ReSI focuses on providing secure, inflation-linked returns in the UK residential housing market, targeting independent retirement rentals and shared ownership.

Residential Secure Income plc (LON:RESI - Get Free Report)'s share price traded up 0.3% during trading on Wednesday . The company traded as high as GBX 58.40 ($0.79) and last traded at GBX 57.40 ($0.78). 409,975 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 422,125 shares. The stock had previously closed at GBX 57.20 ($0.77).

Residential Secure Income Trading Up 0.3%

The business's fifty day moving average price is GBX 58.94 and its 200 day moving average price is GBX 57.56. The firm has a market capitalization of £106.28 million, a price-to-earnings ratio of -1,739.39 and a beta of 0.21.

Residential Secure Income (LON:RESI - Get Free Report) last announced its earnings results on Wednesday, June 18th. The company reported GBX 2.80 EPS for the quarter. Residential Secure Income had a negative net margin of 32.98% and a negative return on equity of 6.58%. As a group, sell-side analysts forecast that Residential Secure Income plc will post 6.1000003 earnings per share for the current fiscal year.

About Residential Secure Income

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.

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