Residential Secure Income (LON:RESI) Trading Down 2.7% - Should You Sell?

Key Points

• The stock price of Residential Secure Income plc (LON:RESI) fell by 2.7%, closing at GBX 57.60 ($0.76) with a trading volume increase of 5% from its average daily volume.
• As of the latest earnings report, the firm reported a negative net margin of 32.98% and forecasted earnings per share of 6.10 for the current fiscal year.
• Residential Secure Income is a real estate investment trust (REIT) focusing on secure, inflation-linked returns in independent retirement rentals and shared ownership within the UK housing market.

Residential Secure Income plc (LON:RESI - Get Free Report)'s share price traded down 2.7% during trading on Wednesday . The stock traded as low as GBX 57.60 ($0.76) and last traded at GBX 57.60 ($0.76). 461,047 shares traded hands during trading, an increase of 5% from the average session volume of 437,193 shares. The stock had previously closed at GBX 59.20 ($0.79).

Residential Secure Income Trading Up 1.7%

The firm has a 50-day moving average of GBX 58.83 and a 200 day moving average of GBX 57.36. The company has a market cap of £107.25 million, a P/E ratio of -10.68 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 ($0.04) EPS for the quarter. Residential Secure Income had a negative return on equity of 6.58% and a negative net margin of 32.98%. On average, equities analysts predict that Residential Secure Income plc will post 6.1000003 EPS for the current year.

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.