Sirius Real Estate (LON:SRE) Hits New 1-Year Low – Should You Sell?

Sirius Real Estate Limited (LON:SRE)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 75.50 ($0.93) and last traded at GBX 77.74 ($0.96), with a volume of 8300926 shares trading hands. The stock had previously closed at GBX 77.75 ($0.96).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 115 ($1.42) price objective on shares of Sirius Real Estate in a report on Tuesday, December 17th.

Sirius Real Estate Price Performance

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’s 50-day moving average price is GBX 83.70 and its 200-day moving average price is GBX 91.67. The company has a market capitalization of £1.10 billion, a price-to-earnings ratio of 1,047.86 and a beta of 1.18.

Sirius Real Estate Increases Dividend

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

Insider Transactions at Sirius Real Estate

In other news, insider Andrew Coombs purchased 1,120,973 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of GBX 88 ($1.09) per share, with a total value of £986,456.24 ($1,219,352.58). Corporate 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.