ReSI Satisfies Fund Management Fee with Equity Purchase

An update from Residential Secure Income ( (GB:RESI) ) is now available.

Residential Secure Income plc (ReSI) has announced the satisfaction of the equity portion of its fund management fee with Gresham House Asset Management by purchasing 132,802 Ordinary Shares in the secondary market. This move aligns with ReSI’s strategy to manage its assets effectively while pursuing an orderly realisation of its portfolio to maximise shareholder returns and protect resident interests.

The most recent analyst rating on (GB:RESI) stock is a Hold with a £61.00 price target. To see the full list of analyst forecasts on Residential Secure Income stock, see the GB:RESI Stock Forecast page.

Spark’s Take on GB:RESI Stock

According to Spark, TipRanks’ AI Analyst, GB:RESI is a Neutral.

The overall stock score reflects significant financial challenges, particularly in revenue generation and profitability. While technical indicators and valuation provide some positive aspects, the financial performance remains the most significant concern, impacting the overall score.

To see Spark’s full report on GB:RESI stock, click here.

More about Residential Secure Income

ReSI plc is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in the UK residential market, particularly in independent retirement rentals and shared ownership. The company aims to provide affordable, high-quality homes with long-term stability for residents, working with housing developers, associations, and local authorities to accelerate the development of affordable housing. ReSI Housing Limited, a subsidiary, is a for-profit Registered Provider of social housing, allowing it to acquire affordable housing under certain planning restrictions and government grants.

Average Trading Volume: 266,992

Technical Sentiment Signal: Buy

Current Market Cap: £112.8M

For a thorough assessment of RESI stock, go to TipRanks’ Stock Analysis page.