Peel Hunt Reiterates “Add” Rating for McKay Securities (LON:MCKS)

Peel Hunt reiterated their add rating on shares of McKay Securities (LON:MCKS) in a report issued on Wednesday morning, ThisIsMoney.Co.Uk reports.

Shares of McKay Securities stock opened at GBX 231 ($3.02) on Wednesday. McKay Securities has a one year low of GBX 221 ($2.89) and a one year high of GBX 283 ($3.70). The company has a current ratio of 1.35, a quick ratio of 0.48 and a debt-to-equity ratio of 53.87. The company’s 50-day simple moving average is GBX 238.86. The company has a market cap of $217.75 million and a price-to-earnings ratio of 16.62.

The firm also recently announced a dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, May 30th will be given a dividend of GBX 7.40 ($0.10) per share. This is a positive change from McKay Securities’s previous dividend of $2.80. The ex-dividend date is Thursday, May 30th. This represents a dividend yield of 3.08%. McKay Securities’s dividend payout ratio is presently 0.72%.

In related news, insider Tom Elliott sold 6,509 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of GBX 233 ($3.04), for a total transaction of £15,165.97 ($19,817.03).

About McKay Securities

McKay Securities PLC is a commercial property investment company with Real Estate Investment Trust (REIT) status, listed on the main market of the London Stock Exchange. It specialises in the development and refurbishment of good quality office and industrial buildings within established and proven markets of central London and South East England.

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