Sirius Real Estate (LON:SRE) Price Target Raised to GBX 115 at Berenberg Bank

Sirius Real Estate (LON:SRE - Free Report) had its target price lifted by Berenberg Bank from GBX 102 ($1.30) to GBX 115 ($1.46) in a research note issued to investors on Tuesday morning, Digital Look reports. The brokerage currently has a buy rating on the stock.

Sirius Real Estate Stock Performance

Shares of SRE traded down GBX 0.30 ($0.00) during mid-day trading on Tuesday, hitting GBX 96.55 ($1.23). The company's stock had a trading volume of 3,238,538 shares, compared to its average volume of 2,902,935. Sirius Real Estate has a one year low of GBX 77.90 ($0.99) and a one year high of GBX 101.70 ($1.29). The company has a debt-to-equity ratio of 81.70, a quick ratio of 1.49 and a current ratio of 0.45. The firm has a market capitalization of £1.29 billion, a PE ratio of 3,218.33 and a beta of 1.15. The stock's 50-day moving average is GBX 97.09 and its two-hundred day moving average is GBX 92.24.

Sirius Real Estate Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, June 27th will be paid a €0.03 ($0.03) dividend. The ex-dividend date is Thursday, June 27th. This is a positive change from Sirius Real Estate's previous dividend of $0.03. This represents a dividend yield of 2.67%. Sirius Real Estate's dividend payout ratio (DPR) is 16,666.67%.

Insiders Place Their Bets

In other news, insider Andrew Coombs bought 5,035 shares of the company's stock in a transaction dated Monday, June 3rd. The stock was bought at an average price of GBX 99 ($1.26) per share, for a total transaction of £4,984.65 ($6,333.74). Insiders own 2.35% 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.