Sirius Real Estate’s (SRE) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Sirius Real Estate (LON:SRE) in a report issued on Tuesday, Marketbeat reports. Jefferies Financial Group currently has a GBX 115 ($1.44) price target on the stock.

Sirius Real Estate Stock Down 2.5 %

Shares of LON:SRE opened at GBX 77.55 ($0.97) on Tuesday. Sirius Real Estate has a 1 year low of GBX 77.40 ($0.97) and a 1 year high of GBX 101.80 ($1.27). The company has a market capitalization of £1.16 billion, a PE ratio of 1,107.86 and a beta of 1.18. The business has a fifty day moving average price of GBX 88.48 and a two-hundred day moving average price of GBX 93.87. 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 company also recently declared a dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, December 12th will be issued a €0.03 ($0.03) dividend. This represents a yield of 2.89%. This is an increase from Sirius Real Estate’s previous dividend of $0.03. The ex-dividend date of this dividend is Thursday, December 12th. Sirius Real Estate’s dividend payout ratio (DPR) is presently 7,142.86%.

Insider Transactions at Sirius Real Estate

In related news, insider Andrew Coombs sold 1,008,700 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of GBX 98 ($1.22), for a total value of £988,526 ($1,235,503.06). 1.95% of the stock is owned by insiders.

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.