SEGRO Plc to Issue Dividend of GBX 9.10 (LON:SGRO)

SEGRO Plc (LON:SGRO) declared a dividend on Friday, July 26th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 8th will be paid a dividend of GBX 9.10 ($0.12) per share by the real estate investment trust on Friday, September 20th. This represents a yield of 1%. The ex-dividend date of this dividend is Thursday, August 8th. The official announcement can be accessed at this link.

SEGRO Trading Up 0.0 %

SGRO opened at GBX 889.60 ($11.37) on Wednesday. The company has a debt-to-equity ratio of 50.61, a current ratio of 0.88 and a quick ratio of 0.62. The company’s 50 day simple moving average is GBX 910.86 and its two-hundred day simple moving average is GBX 884.53. SEGRO has a 1-year low of GBX 675 ($8.63) and a 1-year high of GBX 949 ($12.13). The firm has a market capitalization of £12.01 billion, a price-to-earnings ratio of -4,255.24, a price-to-earnings-growth ratio of 2.12 and a beta of 0.75.

Insider Activity

In other news, insider Soumen Das purchased 408 shares of SEGRO stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of GBX 882 ($11.27) per share, with a total value of £3,598.56 ($4,598.80). In related news, insider David J. R. Sleath sold 108,420 shares of SEGRO stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of GBX 893 ($11.41), for a total value of £968,190.60 ($1,237,304.28). Also, insider Soumen Das bought 408 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average price of GBX 882 ($11.27) per share, with a total value of £3,598.56 ($4,598.80). Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SGRO. Jefferies Financial Group decreased their target price on shares of SEGRO from GBX 950 ($12.14) to GBX 930 ($11.88) and set a “hold” rating on the stock in a research note on Monday, July 29th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of SEGRO in a research note on Wednesday, April 10th. Finally, Shore Capital reissued a “buy” rating on shares of SEGRO in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SEGRO presently has an average rating of “Moderate Buy” and an average target price of GBX 944.67 ($12.07).

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.