TR Property Investment Trust (LON:TRY) Hits New 12-Month Low – Should You Sell?

TR Property Investment Trust plc (LON:TRY)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as GBX 297.50 ($3.66) and last traded at GBX 298.90 ($3.68), with a volume of 726626 shares changing hands. The stock had previously closed at GBX 307.50 ($3.78).

TR Property Investment Trust Price Performance

The company has a debt-to-equity ratio of 7.12, a quick ratio of 3.14 and a current ratio of 4.28. The company has a market capitalization of £918.73 million, a price-to-earnings ratio of -164.49 and a beta of 0.93. The company has a 50-day moving average price of GBX 312.77 and a 200-day moving average price of GBX 329.40.

TR Property Investment Trust Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Andrew Vaughan acquired 12,675 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of GBX 316 ($3.89) per share, with a total value of £40,053 ($49,283.87). Also, insider Kate Bolsover bought 4,683 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were purchased at an average price of GBX 318 ($3.91) per share, for a total transaction of £14,891.94 ($18,324.03). Corporate 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.