Intu Properties plc (INTU) Announces GBX 4.60 Dividend

Intu Properties plc (LON:INTU) announced a dividend on Thursday, July 26th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 18th will be paid a dividend of GBX 4.60 ($0.06) per share by the real estate investment trust on Tuesday, November 20th. This represents a dividend yield of 2.74%. The ex-dividend date is Thursday, October 18th. The official announcement can be seen at this link.

Shares of LON:INTU opened at GBX 184.70 ($2.41) on Friday. Intu Properties has a fifty-two week low of GBX 188.90 ($2.47) and a fifty-two week high of GBX 291.60 ($3.81).

Intu Properties (LON:INTU) last issued its earnings results on Thursday, July 26th. The real estate investment trust reported GBX 7.30 ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 7.50 ($0.10) by GBX (0.20) ($0.00). Intu Properties had a net margin of 39.93% and a return on equity of 5.08%.

A number of analysts recently commented on INTU shares. Barclays decreased their price objective on shares of Intu Properties from GBX 180 ($2.35) to GBX 160 ($2.09) and set an “underweight” rating on the stock in a report on Monday, August 6th. Berenberg Bank started coverage on shares of Intu Properties in a report on Wednesday, August 29th. They set a “buy” rating and a GBX 230 ($3.01) price objective on the stock. Morgan Stanley downgraded shares of Intu Properties to an “underweight” rating in a report on Thursday, August 30th. Peel Hunt reissued a “reduce” rating and set a GBX 165 ($2.16) price objective (down previously from GBX 180 ($2.35)) on shares of Intu Properties in a report on Thursday, July 26th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Intu Properties from GBX 220 ($2.87) to GBX 175 ($2.29) and set a “neutral” rating on the stock in a report on Thursday, September 6th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 190.36 ($2.49).

Intu Properties Company Profile

Intu owns and manages some of the best shopping centres, in some of the strongest locations, in the UK and Spain. Our UK portfolio is made up of 17 centres, including 10 of the top-25, and in Spain we own three of the country's top-10 centres, with advanced plans to build a fourth. We are passionate about creating compelling experiences, in centre and online, that make our customers smile and help our retailers flourish.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Dividend History for Intu Properties (LON:INTU)

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