Sirius Real Estate (LON:SRE) Receives “Buy” Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of Sirius Real Estate (LON:SRE) in a report released on Tuesday, June 25th, ThisIsMoney.Co.Uk reports.

Separately, Berenberg Bank downgraded shares of to a hold rating and decreased their target price for the company from GBX 265 ($3.46) to GBX 248 ($3.24) in a research report on Monday, June 3rd.

LON:SRE traded down GBX 0.20 ($0.00) on Tuesday, reaching GBX 66.60 ($0.87). 740,027 shares of the stock traded hands, compared to its average volume of 1,710,000. The stock has a market capitalization of $680.75 million and a price-to-earnings ratio of 5.60. The firm has a 50 day moving average of GBX 65.55. The company has a debt-to-equity ratio of 45.81, a current ratio of 0.42 and a quick ratio of 0.41. Sirius Real Estate has a 1-year low of GBX 55.40 ($0.72) and a 1-year high of GBX 69 ($0.90).

The firm also recently declared a dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, July 11th will be issued a dividend of €0.02 ($0.02) per share. This represents a dividend yield of 2.37%. This is a boost from Sirius Real Estate’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, July 11th. Sirius Real Estate’s dividend payout ratio is presently 0.25%.

In other Sirius Real Estate news, insider Andrew Coombs sold 990,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of GBX 65 ($0.85), for a total transaction 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.

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