TR Property Investment Trust (LON:TRY) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

TR Property Investment Trust plc (LON:TRY) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 329.86 ($4.10) and traded as low as GBX 312 ($3.88). TR Property Investment Trust shares last traded at GBX 313 ($3.89), with a volume of 515,558 shares traded.

TR Property Investment Trust Price Performance

The company has a quick ratio of 3.14, a current ratio of 4.28 and a debt-to-equity ratio of 7.12. The firm’s fifty day moving average price is GBX 314.91 and its 200-day moving average price is GBX 329.86. The stock has a market cap of £993.31 million, a P/E ratio of -177.84 and a beta of 0.93.

TR Property Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be given a dividend of GBX 5.65 ($0.07) per share. This represents a yield of 1.78%. The ex-dividend date is Thursday, December 12th. TR Property Investment Trust’s payout ratio is currently -852.27%.

Insider Activity

In other news, insider Kate Bolsover acquired 4,683 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was acquired at an average price of GBX 318 ($3.95) per share, for a total transaction of £14,891.94 ($18,499.30). Also, insider Andrew Vaughan bought 12,675 shares of TR Property Investment Trust stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of GBX 316 ($3.93) per share, for a total transaction of £40,053 ($49,755.28). Insiders own 5.03% of the company’s stock.

About TR Property Investment Trust

TR Property Investment Trust plc is a closed-ended equity mutual fund launched by F&C Investment Business Ltd. The fund is managed by Thames River Capital LLP. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies that are operating in the real estate sector.