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 research note published on Tuesday, MarketBeat reports. The firm currently has a GBX 115 ($1.46) price objective on the stock.

Sirius Real Estate Stock Down 0.9 %

Sirius Real Estate stock opened at GBX 79.65 ($1.01) on Tuesday. The firm has a market capitalization of £1.19 billion, a price-to-earnings ratio of 1,137.77 and a beta of 1.18. The company’s 50 day simple moving average is GBX 89 and its 200 day simple moving average is GBX 94.12. 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 has a fifty-two week low of GBX 79.15 ($1.01) and a fifty-two week high of GBX 101.80 ($1.29).

Sirius Real Estate Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, December 12th will be given a dividend of €0.03 ($0.03) per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Sirius Real Estate’s previous dividend of $0.03. This represents a yield of 2.89%. Sirius Real Estate’s payout ratio is 7,142.86%.

Insider Activity at Sirius Real Estate

In other Sirius Real Estate news, insider Andrew Coombs sold 48,220 shares of Sirius Real Estate stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of GBX 100 ($1.27), for a total transaction of £48,220 ($61,301.81). 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.