Sirius Real Estate (LON:SRE) Share Price Passes Above 50 Day Moving Average of $93.00

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Shares of Sirius Real Estate Limited (LON:SRE) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $93.00 and traded as high as $93.70. Sirius Real Estate shares last traded at $90.40, with a volume of 994,461 shares.

Separately, Berenberg Bank increased their target price on shares of Sirius Real Estate from GBX 91 ($1.19) to GBX 93 ($1.22) and gave the stock a “buy” rating in a report on Monday, November 23rd.

The stock has a market cap of £950.76 million and a P/E ratio of 7.60. The company has a debt-to-equity ratio of 60.85, a current ratio of 1.74 and a quick ratio of 1.70. The business’s fifty day moving average price is GBX 93 and its 200 day moving average price is GBX 81.21.

The business also recently announced a dividend, which will be paid on Thursday, January 21st. Stockholders of record on Thursday, December 17th will be issued a €0.02 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, December 17th. This represents a dividend yield of 1.84%. This is a boost from Sirius Real Estate’s previous dividend of $0.02. Sirius Real Estate’s dividend payout ratio is 25.21%.

In related news, insider Andrew Coombs sold 2,603,065 shares of the firm’s stock in a transaction that occurred on Friday, December 18th. The shares were sold at an average price of GBX 94 ($1.23), for a total value of £2,446,881.10 ($3,196,865.82). Also, insider Alistair Marks sold 400,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 1st. The shares were sold at an average price of GBX 90 ($1.18), for a total transaction of £360,000 ($470,342.30).

About Sirius Real Estate (LON:SRE)

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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