Sirius Real Estate (LON:SRE) Sets New 1-Year Low – Here’s Why

Sirius Real Estate Limited (LON:SRE)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 79.15 ($1.01) and last traded at GBX 79.65 ($1.01), with a volume of 3521128 shares trading hands. The stock had previously closed at GBX 80.40 ($1.02).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 115 ($1.46) target price on shares of Sirius Real Estate in a report on Tuesday.

Sirius Real Estate Price Performance

The company has a 50 day moving average of GBX 89 and a two-hundred day moving average of GBX 94.12. The firm has a market cap of £1.20 billion, a P/E ratio of 1,137.77 and a beta of 1.18. The company has a quick ratio of 1.49, a current ratio of 1.87 and a debt-to-equity ratio of 69.81.

Sirius Real Estate Increases Dividend

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

Insider Buying and Selling

In related news, insider Andrew Coombs bought 1,120,973 shares of Sirius Real Estate stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of GBX 88 ($1.12) per share, with a total value of £986,456.24 ($1,254,076.07). Insiders own 1.95% of the company’s stock.

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.