SEGRO (LON:SGRO) Stock Passes Above Two Hundred Day Moving Average of $839.08

SEGRO Plc (LON:SGRO) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 839.08 ($10.54) and traded as high as GBX 896.40 ($11.26). SEGRO shares last traded at GBX 874.60 ($10.99), with a volume of 6,014,681 shares.

Analyst Ratings Changes

A number of equities analysts have recently commented on SGRO shares. Shore Capital reissued a “buy” rating on shares of SEGRO in a research report on Thursday, April 11th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,042 ($13.09) price objective on shares of SEGRO in a research report on Thursday, April 18th. Berenberg Bank lifted their price objective on shares of SEGRO from GBX 863 ($10.84) to GBX 940 ($11.81) and gave the stock a “hold” rating in a research report on Thursday, February 22nd. HSBC raised SEGRO to a “buy” rating and set a GBX 964 ($12.11) target price on the stock in a report on Thursday, March 21st. Finally, Barclays raised SEGRO to an “overweight” rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, SEGRO currently has an average rating of “Moderate Buy” and a consensus target price of GBX 982 ($12.34).

SEGRO Price Performance

The stock’s 50-day moving average is GBX 867.29 and its 200 day moving average is GBX 839.08. The company has a debt-to-equity ratio of 50.61, a quick ratio of 0.62 and a current ratio of 0.88. The stock has a market capitalization of £11.72 billion, a PE ratio of -4,164.76, a P/E/G ratio of 2.12 and a beta of 0.73.

SEGRO Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 3rd. Shareholders of record on Thursday, March 14th were issued a dividend of GBX 19.10 ($0.24) per share. This is a positive change from SEGRO’s previous dividend of $8.70. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 2.29%. SEGRO’s dividend payout ratio (DPR) is presently -13,333.33%.

Insider Activity

In other news, insider Carol Fairweather acquired 8,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was acquired at an average cost of GBX 878 ($11.03) per share, with a total value of £70,240 ($88,230.12). Company insiders own 0.26% of the company’s stock.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion serving customers from a wide range of industry sectors.