Sirius Real Estate (LON:SRE) Reaches New 12-Month Low – Here’s Why

Sirius Real Estate Limited (LON:SRE)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 75.50 ($0.94) and last traded at GBX 77.74 ($0.97), with a volume of 8300926 shares changing hands. The stock had previously closed at GBX 77.75 ($0.97).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 115 ($1.44) price objective on shares of Sirius Real Estate in a research note on Tuesday, December 17th.

Sirius Real Estate Stock Down 0.0 %

The company has a current ratio of 1.87, a quick ratio of 1.49 and a debt-to-equity ratio of 69.81. The firm’s fifty day moving average price is GBX 84.43 and its 200-day moving average price is GBX 91.98. The company has a market cap of £1.17 billion, a price-to-earnings ratio of 1,110.53 and a beta of 1.18.

Sirius Real Estate Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, December 12th will be given a dividend of €0.03 ($0.03) per share. This is an increase from Sirius Real Estate’s previous dividend of $0.03. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 2.89%. Sirius Real Estate’s dividend payout ratio is currently 7,142.86%.

Insiders Place Their Bets

In other Sirius Real Estate news, insider Andrew Coombs bought 1,120,973 shares of Sirius Real Estate stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average price of GBX 88 ($1.10) per share, for a total transaction of £986,456.24 ($1,234,150.18). Corporate insiders own 1.95% of the company’s stock.

About Sirius Real Estate

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.