Sirius Real Estate (LON:SRE) Shares Cross Above 50-Day Moving Average – What’s Next?

Shares of Sirius Real Estate Limited (LON:SRE) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 80.22 ($0.99) and traded as high as GBX 80.85 ($1.00). Sirius Real Estate shares last traded at GBX 80.05 ($0.99), with a volume of 3,284,382 shares traded.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 115 ($1.43) price target on shares of Sirius Real Estate in a research note on Tuesday, December 17th.

Sirius Real Estate Stock Up 0.1 %

The company has a quick ratio of 1.49, a current ratio of 1.87 and a debt-to-equity ratio of 69.81. The stock has a market cap of £1.20 billion, a PE ratio of 1,145.00 and a beta of 1.18. The firm has a fifty day moving average of GBX 80.12 and a 200 day moving average of GBX 89.52.

Sirius Real Estate Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, December 12th were issued a €0.03 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a dividend yield of 2.89%. This is an increase from Sirius Real Estate’s previous dividend of $0.03. Sirius Real Estate’s dividend payout ratio is presently 7,142.86%.

Insider Transactions at Sirius Real Estate

In related news, insider Andrew Coombs acquired 1,120,973 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was bought at an average price of GBX 88 ($1.09) per share, for a total transaction of £986,456.24 ($1,222,526.01). In the last 90 days, insiders have acquired 1,129,212 shares of company stock valued at $99,048,863. Corporate insiders own 1.95% of the company’s stock.

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.