Sirius Real Estate (LON:SRE) Sets New 1-Year Low - Here's What Happened

Sirius Real Estate Limited (LON:SRE - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 75.50 ($0.94) and last traded at GBX 77.74 ($0.97), with a volume of 8300926 shares traded. The stock had previously closed at GBX 77.75 ($0.97).

Wall Street Analyst Weigh In

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

Sirius Real Estate Stock Performance

The company has a debt-to-equity ratio of 69.81, a current ratio of 1.87 and a quick ratio of 1.49. The stock has a 50-day simple moving average of GBX 84.11 and a 200-day simple moving average of GBX 91.84. The stock has a market cap of £1.17 billion, a P/E ratio of 1,110.53 and a beta of 1.18.

Sirius Real Estate Increases Dividend

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

Insider Buying and Selling

In other Sirius Real Estate news, insider Andrew Coombs purchased 5,000 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of GBX 80 ($1.00) per share, with a total value of £4,000 ($4,990.02). 1.95% of the stock is owned by insiders.

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.