Peel Hunt reaffirmed their buy rating on shares of Sirius Real Estate (LON:SRE) in a report published on Tuesday, ThisIsMoney.Co.Uk reports.
Separately, Berenberg Bank cut to a hold rating and decreased their price target for the stock from GBX 265 ($3.46) to GBX 248 ($3.24) in a research report on Monday, June 3rd.
Shares of LON SRE opened at GBX 65.70 ($0.86) on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.42 and a debt-to-equity ratio of 45.81. Sirius Real Estate has a 52 week low of GBX 55.40 ($0.72) and a 52 week high of GBX 68.80 ($0.90). The company has a market capitalization of $671.55 million and a PE ratio of 5.52. The stock has a fifty day moving average of GBX 65.40.
The firm also recently announced a dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, July 11th will be given a €0.02 ($0.02) dividend. This represents a yield of 2.37%. The ex-dividend date of this dividend is Thursday, July 11th. This is a boost from Sirius Real Estate’s previous dividend of $0.02. Sirius Real Estate’s payout ratio is currently 0.25%.
In other Sirius Real Estate news, insider Andrew Coombs sold 990,000 shares of Sirius Real Estate stock in a transaction dated Friday, June 7th. The stock was sold at an average price of GBX 65 ($0.85), for a total value of £643,500 ($840,846.73).
Sirius Real Estate Company Profile
Sirius is a property company listed on the main market and premium segment of the London Stock Exchange and the main board of the Johannesburg Stock Exchange. It is a leading operator of branded business parks providing conventional space and flexible workspace in Germany. The Company’s core strategy is the acquisition of business parks at attractive yields, the integration of these business parks into its network of sites under the Company’s own name as well as offering a range of branded products within those sites, and the reconfiguration and upgrade of existing and vacant space to appeal to the local market, through intensive asset management and investment.
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