Sirius Real Estate Limited (LON:SRE) Plans Dividend Increase – €0.02 Per Share

Sirius Real Estate Limited (LON:SRE) declared a dividend on Monday, June 3rd, Upcoming.Co.Uk reports. Investors of record on Thursday, July 11th will be paid a dividend of €0.02 ($0.02) per share on Thursday, August 22nd. This represents a yield of 2.37%. The ex-dividend date is Thursday, July 11th. This is an increase from Sirius Real Estate’s previous dividend of $0.02. The official announcement can be viewed at this link.

Shares of SRE stock opened at GBX 68 ($0.89) on Wednesday. Sirius Real Estate has a 12 month low of GBX 55.40 ($0.72) and a 12 month high of GBX 68.80 ($0.90). The stock has a market capitalization of $695.06 million and a PE ratio of 5.71. The company has a current ratio of 0.42, a quick ratio of 0.41 and a debt-to-equity ratio of 45.81. The firm’s 50 day simple moving average is GBX 65.26.

Several equities analysts have commented on SRE shares. Peel Hunt reiterated a “buy” rating on shares of Sirius Real Estate in a research report on Tuesday. Berenberg Bank reiterated a “buy” rating and set a GBX 75 ($0.98) price objective on shares of Sirius Real Estate in a research report on Monday, June 3rd.

In other news, insider Andrew Coombs sold 990,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of GBX 65 ($0.85), for a total value of £643,500 ($840,846.73).

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.

See Also: Back-End Load

Dividend History for Sirius Real Estate (LON:SRE)

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