Sirius Real Estate (LON:SRE) Hits New 12-Month Low – Time to Sell?

Sirius Real Estate Limited (LON:SRE)’s stock price reached a new 52-week low during mid-day 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 traded. The stock had previously closed at GBX 77.75 ($0.96).

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 115 ($1.42) target price on shares of Sirius Real Estate in a research note on Tuesday, December 17th.

Sirius Real Estate Stock Up 0.2 %

The company has a debt-to-equity ratio of 69.81, a quick ratio of 1.49 and a current ratio of 1.87. The firm’s 50-day simple moving average is GBX 83.70 and its 200 day simple moving average is GBX 91.67. The stock has a market capitalization of £1.10 billion, a P/E ratio of 1,047.86 and a beta of 1.18.

Sirius Real Estate Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, December 12th will be paid a €0.03 ($0.03) dividend. 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 dividend yield of 2.89%. Sirius Real Estate’s dividend payout ratio (DPR) is currently 7,142.86%.

Insider Transactions at Sirius Real Estate

In related news, insider Andrew Coombs acquired 5,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of GBX 80 ($0.99) per share, for a total transaction of £4,000 ($4,944.38). 1.95% of the stock is owned by company insiders.

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.