Sirius Real Estate (LON:SRE) Sets New 52-Week Low - What's Next?

Shares of Sirius Real Estate Limited (LON:SRE - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 79.15 ($1.00) and last traded at GBX 79.65 ($1.00), with a volume of 3521128 shares changing hands. The stock had previously closed at GBX 80.40 ($1.01).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 115 ($1.45) target price on shares of Sirius Real Estate in a research report on Tuesday.

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 company's fifty day moving average price is GBX 88.74 and its 200 day moving average price is GBX 94. The company has a market cap of £1.19 billion, a PE ratio of 1,135.71 and a beta of 1.18.

Sirius Real Estate Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, December 12th will be given 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 is Thursday, December 12th. Sirius Real Estate's dividend payout ratio is presently 7,142.86%.

Insiders Place Their Bets

In related news, insider Andrew Coombs sold 48,220 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of GBX 100 ($1.26), for a total transaction of £48,220 ($60,623.59). Insiders own 1.95% 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.