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

Sirius Real Estate Limited (LON:SRE) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 79.15 ($0.99) and last traded at GBX 79.65 ($1.00), with a volume of 3521128 shares. The stock had previously closed at GBX 80.40 ($1.00).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 115 ($1.44) price target on shares of Sirius Real Estate in a research note on Tuesday.

Sirius Real Estate Stock Performance

The company has a fifty day moving average of GBX 88.48 and a two-hundred day moving average of GBX 93.87. The firm has a market capitalization of £1.17 billion, a price-to-earnings ratio of 1,114.29 and a beta of 1.18. The company has a debt-to-equity ratio of 69.81, a quick ratio of 1.49 and a current ratio of 1.87.

Sirius Real Estate Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 23rd. Stockholders 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 dividend yield of 2.89%. This is an increase from Sirius Real Estate’s previous dividend of $0.03. Sirius Real Estate’s dividend payout ratio (DPR) is currently 7,142.86%.

Insider Activity at Sirius Real Estate

In other Sirius Real Estate news, insider Andrew Coombs purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost of GBX 80 ($1.00) per share, for a total transaction of £4,000 ($4,999.38). 1.95% of the stock is currently owned by corporate 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.