TR Property Investment Trust (LON:TRY) Sets New 1-Year Low – What’s Next?

Shares of TR Property Investment Trust plc (LON:TRY) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 298.50 ($3.75) and last traded at GBX 302 ($3.80), with a volume of 80236 shares. The stock had previously closed at GBX 305.50 ($3.84).

TR Property Investment Trust Price Performance

The stock has a market cap of £952.76 million, a price-to-earnings ratio of -170.58 and a beta of 0.93. The company has a debt-to-equity ratio of 7.12, a current ratio of 4.28 and a quick ratio of 3.14. The stock’s 50 day simple moving average is GBX 323.03 and its two-hundred day simple moving average is GBX 331.68.

TR Property Investment Trust Cuts Dividend

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

Insider Buying and Selling

In related news, insider Andrew Vaughan acquired 12,675 shares of the stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost of GBX 316 ($3.97) per share, for a total transaction of £40,053 ($50,355.80). Also, insider Kate Bolsover bought 4,683 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average price of GBX 318 ($4.00) per share, with a total value of £14,891.94 ($18,722.58). Company insiders own 5.03% of the company’s stock.

TR Property Investment Trust Company Profile

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.