Sirius Real Estate (LON:SRE) Rating Reiterated by Berenberg Bank

Berenberg Bank restated their buy rating on shares of Sirius Real Estate (LON:SREGet Rating) in a research note issued to investors on Monday morning, Marketbeat reports. They currently have a GBX 123 ($1.45) target price on the stock.

Sirius Real Estate Price Performance

Shares of LON SRE opened at GBX 85.40 ($1.01) on Monday. Sirius Real Estate has a twelve month low of GBX 64.20 ($0.76) and a twelve month high of GBX 145.30 ($1.72). The stock’s 50 day moving average price is GBX 72.96 and its 200-day moving average price is GBX 87.93. The company has a market capitalization of £996.52 million and a PE ratio of 711.67. The company has a quick ratio of 1.42, a current ratio of 1.57 and a debt-to-equity ratio of 85.65.

Sirius Real Estate Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, January 19th. Investors of record on Thursday, December 8th will be paid a €0.03 ($0.03) dividend. This is an increase from Sirius Real Estate’s previous dividend of $0.02. The ex-dividend date is Thursday, December 8th. This represents a yield of 2.89%. Sirius Real Estate’s dividend payout ratio is presently 33.50%.

Insider Activity at Sirius Real Estate

In other news, insider Andrew Coombs acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The shares were acquired at an average price of GBX 77 ($0.91) per share, for a total transaction of £7,700 ($9,104.88). In other Sirius Real Estate news, insider Andrew Coombs bought 10,000 shares of the stock in a transaction on Wednesday, September 21st. The shares were acquired at an average price of GBX 77 ($0.91) per share, with a total value of £7,700 ($9,104.88). Also, insider Daniel (Danny) John Kitchen bought 75,000 shares of the stock in a transaction on Thursday, September 29th. The shares were acquired at an average cost of GBX 67 ($0.79) per share, for a total transaction of £50,250 ($59,418.23). Over the last quarter, insiders have bought 107,250 shares of company stock worth $7,424,750.

About Sirius Real Estate

(Get Rating)

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.

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