Secure Income REIT PLC (LON:SIR) declared a dividend on Thursday, January 16th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 23rd will be given a dividend of GBX 4.20 ($0.06) per share on Friday, February 21st. This represents a yield of 0.91%. The ex-dividend date of this dividend is Thursday, January 23rd. The official announcement can be accessed at this link.
Shares of LON SIR opened at GBX 461 ($6.06) on Wednesday. The company has a debt-to-equity ratio of 86.54, a quick ratio of 2.40 and a current ratio of 2.42. Secure Income REIT has a 52 week low of GBX 3.95 ($0.05) and a 52 week high of GBX 463 ($6.09). The stock has a market capitalization of $1.50 billion and a P/E ratio of 9.47. The stock’s fifty day moving average is GBX 428.04 and its 200 day moving average is GBX 425.31.
Separately, Goldman Sachs Group lifted their price target on Secure Income REIT from GBX 550 ($7.23) to GBX 589 ($7.75) and gave the company a “conviction-buy” rating in a research note on Friday, January 17th.
Secure Income REIT specialises in generating long term, inflation protected, secure income from real estate investments. Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows. At 30 June 2018, the Group's investment property portfolio was valued at £2.3 billion, producing £124.5 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of 21.4 years.
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