Sirius Real Estate (LON:SRE) Receives Buy Rating from Peel Hunt

Share on StockTwits

Peel Hunt reissued their buy rating on shares of Sirius Real Estate (LON:SRE) in a report released on Tuesday, ThisIsMoney.Co.Uk reports.

Separately, Berenberg Bank boosted their price objective on shares of Sirius Real Estate from GBX 75 ($0.99) to GBX 83 ($1.09) and gave the company a buy rating in a research note on Monday, November 25th.

Shares of SRE opened at GBX 93.10 ($1.22) on Tuesday. The company has a debt-to-equity ratio of 45.72, a quick ratio of 1.79 and a current ratio of 2.06. The stock has a market capitalization of $966.72 million and a P/E ratio of 7.82. The company’s fifty day moving average is GBX 89.75 and its two-hundred day moving average is GBX 78.25. Sirius Real Estate has a 1 year low of GBX 59.40 ($0.78) and a 1 year high of GBX 92.50 ($1.22).

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 19th were paid a €0.02 ($0.02) dividend. This is a boost from Sirius Real Estate’s previous dividend of $0.02. This represents a yield of 1.92%. The ex-dividend date was Thursday, December 19th. Sirius Real Estate’s payout ratio is currently 0.25%.

In related news, insider James Peggie purchased 36,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of GBX 83 ($1.09) per share, with a total value of £29,880 ($39,305.45).

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.

Featured Story: Bid-Ask Spread

Receive News & Ratings for Sirius Real Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius Real Estate and related companies with MarketBeat.com's FREE daily email newsletter.