Sirius Real Estate’s (SRE) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Sirius Real Estate (LON:SRE) in a research report report published on Tuesday morning, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 115 ($1.46) price target on the stock.

Sirius Real Estate Trading Down 0.9 %

LON SRE opened at GBX 79.65 ($1.01) on Tuesday. The company’s fifty day moving average price is GBX 89 and its two-hundred day moving average price is GBX 94.12. The company has a market capitalization of £1.19 billion, a price-to-earnings ratio of 1,137.77 and a beta of 1.18. Sirius Real Estate has a 12 month low of GBX 79.15 ($1.01) and a 12 month high of GBX 101.80 ($1.29). The company has a debt-to-equity ratio of 69.81, a current ratio of 1.87 and a quick ratio of 1.49.

Sirius Real Estate Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, December 12th will be paid a dividend of €0.03 ($0.03) per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Sirius Real Estate’s previous dividend of $0.03. This represents a dividend yield of 2.89%. Sirius Real Estate’s dividend payout ratio (DPR) is currently 7,142.86%.

Insider Activity

In other Sirius Real Estate news, insider Andrew Coombs sold 1,008,700 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of GBX 98 ($1.25), for a total value of £988,526 ($1,256,707.35). 1.95% of the stock is owned by company insiders.

Sirius Real Estate Company Profile

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.