Secure Income REIT (LON:SIR) Shares Down 0.9%

Secure Income REIT PLC (LON:SIR) fell 0.9% on Thursday . The company traded as low as GBX 428 ($5.59) and last traded at GBX 430 ($5.62), 557,754 shares traded hands during trading. An increase of 420% from the average session volume of 107,357 shares. The stock had previously closed at GBX 434 ($5.67).

Separately, Goldman Sachs Group reissued a “buy” rating on shares of Secure Income REIT in a research note on Thursday, August 8th.

The company has a quick ratio of 2.40, a current ratio of 2.42 and a debt-to-equity ratio of 86.54. The stock has a market capitalization of $1.39 billion and a P/E ratio of 8.83. The firm’s 50 day simple moving average is GBX 440.89 and its two-hundred day simple moving average is GBX 392.02.

The business also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be paid a GBX 4.20 ($0.05) dividend. This represents a yield of 0.97%. The ex-dividend date of this dividend is Thursday, October 31st. Secure Income REIT’s dividend payout ratio (DPR) is currently 0.35%.

In other Secure Income REIT news, insider Nicholas Mark Leslau sold 5,616,616 shares of Secure Income REIT stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of GBX 420 ($5.49), for a total value of £23,589,787.20 ($30,824,235.20).

Secure Income REIT Company Profile (LON:SIR)

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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