Sirius Real Estate (LON:SRE) Receives Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Sirius Real Estate (LON:SREGet Rating) in a research report released on Monday morning, Marketbeat Ratings reports. The firm currently has a GBX 123 ($1.45) price objective on the stock.

Sirius Real Estate Trading Up 2.4 %

Shares of Sirius Real Estate stock opened at GBX 84.20 ($1.00) on Monday. The firm has a 50-day simple moving average of GBX 72.73 and a two-hundred day simple moving average of GBX 88.17. The company has a market cap of £982.51 million and a P/E ratio of 685.00. Sirius Real Estate has a fifty-two week low of GBX 64.20 ($0.76) and a fifty-two week high of GBX 145.30 ($1.72). The company has a debt-to-equity ratio of 85.65, a quick ratio of 1.42 and a current ratio of 1.57.

Sirius Real Estate Increases Dividend

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

Insider Buying and Selling

In related news, insider Daniel (Danny) John Kitchen purchased 75,000 shares of Sirius Real Estate stock in a transaction that occurred on Thursday, September 29th. The stock was purchased at an average price of GBX 67 ($0.79) per share, for a total transaction of £50,250 ($59,418.23). In related news, insider Daniel (Danny) John Kitchen purchased 75,000 shares of Sirius Real Estate stock in a transaction that occurred on Thursday, September 29th. The stock was purchased at an average price of GBX 67 ($0.79) per share, for a total transaction of £50,250 ($59,418.23). Also, insider Andrew Coombs purchased 6,250 shares of Sirius Real Estate stock in a transaction that occurred on Wednesday, September 14th. The shares were bought at an average price of GBX 79 ($0.93) per share, with a total value of £4,937.50 ($5,838.36). Insiders purchased a total of 107,250 shares of company stock worth $7,424,750 in the last 90 days.

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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