SEGRO’s (SGRO) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of SEGRO (LON:SGRO) in a research report sent to investors on Thursday, MarketBeat.com reports. The firm currently has a GBX 1,042 ($12.97) price target on the real estate investment trust’s stock.

SGRO has been the subject of a number of other research reports. Berenberg Bank upped their target price on SEGRO from GBX 863 ($10.74) to GBX 940 ($11.70) and gave the stock a hold rating in a report on Thursday, February 22nd. Barclays upgraded SEGRO to an overweight rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. reiterated an overweight rating on shares of SEGRO in a report on Wednesday, April 10th. HSBC upgraded SEGRO to a buy rating and set a GBX 964 ($12.00) price objective for the company in a report on Thursday, March 21st. Finally, Shore Capital reiterated a buy rating on shares of SEGRO in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, SEGRO presently has a consensus rating of Moderate Buy and an average target price of GBX 982 ($12.22).

SEGRO Stock Down 0.1 %

SEGRO stock opened at GBX 839.20 ($10.45) on Thursday. The business has a fifty day moving average of GBX 865.33 and a two-hundred day moving average of GBX 829.73. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 50.61. The firm has a market cap of £11.25 billion, a P/E ratio of -4,001.90, a P/E/G ratio of 2.12 and a beta of 0.73. SEGRO has a twelve month low of GBX 675 ($8.40) and a twelve month high of GBX 913 ($11.37).

SEGRO Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 14th will be paid a GBX 19.10 ($0.24) dividend. This is a positive change from SEGRO’s previous dividend of $8.70. The ex-dividend date is Thursday, March 14th. This represents a yield of 2.29%. SEGRO’s dividend payout ratio (DPR) is -13,333.33%.

Insider Buying and Selling

In other news, insider Carol Fairweather bought 8,000 shares of SEGRO stock in a transaction that occurred on Thursday, March 7th. The stock was bought at an average price of GBX 878 ($10.93) per share, for a total transaction of £70,240 ($87,439.31). 0.26% of the stock is currently owned by company insiders.

SEGRO Company Profile

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.