Cairn Homes (LON:CRN) Hits New 1-Year High at $149.40

Cairn Homes plc (LON:CRN)’s share price hit a new 52-week high during trading on Friday . The company traded as high as GBX 149.40 ($1.90) and last traded at GBX 149.40 ($1.90), with a volume of 49482 shares changing hands. The stock had previously closed at GBX 146 ($1.86).

Cairn Homes Stock Up 2.3 %

The business has a fifty day simple moving average of GBX 138.75 and a 200 day simple moving average of GBX 124.69. The firm has a market cap of £967.44 million, a price-to-earnings ratio of 1,354.55 and a beta of 1.06. The company has a debt-to-equity ratio of 23.81, a current ratio of 8.88 and a quick ratio of 0.22.

Cairn Homes Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 17th. Shareholders of record on Thursday, April 25th were issued a dividend of €0.03 ($0.03) per share. The ex-dividend date of this dividend was Thursday, April 25th. This represents a dividend yield of 2.15%. This is a boost from Cairn Homes’s previous dividend of $0.03. Cairn Homes’s dividend payout ratio is presently 4,545.45%.

Insider Activity at Cairn Homes

In related news, insider Michael Stanley sold 128,333 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of GBX 158 ($2.01), for a total value of £202,766.14 ($257,709.89). Insiders own 16.54% of the company’s stock.

Cairn Homes Company Profile

Cairn Homes plc, a holding company, operates as a home and community builder in Ireland. The company involved in the development and sale of residential properties, as well as rental of properties. It also provides financial services. Cairn Homes plc was incorporated in 2014 and is based in Dublin, Ireland.