SEGRO Plc Plans Dividend of GBX 9.10 (LON:SGRO)

SEGRO Plc (LON:SGRO) declared a dividend on Friday, July 26th, Upcoming.Co.Uk reports. Stockholders 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 dividend yield of 1%. The ex-dividend date of this dividend is Thursday, August 8th. The official announcement can be accessed at this link.

SEGRO Stock Performance

Shares of SGRO opened at GBX 892 ($11.54) on Friday. The firm’s 50 day moving average is GBX 910.20 and its 200-day moving average is GBX 881.31. The stock has a market capitalization of £12.04 billion, a P/E ratio of -4,247.62, a P/E/G ratio of 2.12 and a beta of 0.75. The company has a debt-to-equity ratio of 50.61, a current ratio of 0.88 and a quick ratio of 0.62. SEGRO has a 12-month low of GBX 675 ($8.73) and a 12-month high of GBX 949 ($12.27).

Insider Buying and Selling

In related news, insider Soumen Das purchased 408 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of GBX 882 ($11.41) per share, for a total transaction of £3,598.56 ($4,654.11). In other SEGRO news, insider Soumen Das bought 408 shares of SEGRO stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of GBX 882 ($11.41) per share, for a total transaction of £3,598.56 ($4,654.11). Also, 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 ($11.55), for a total transaction of £968,190.60 ($1,252,186.50). 0.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SGRO shares. Barclays raised shares of SEGRO to an “overweight” rating in a research report on Wednesday, April 3rd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 950 ($12.29) target price on shares of SEGRO in a research report on Friday, July 12th. Shore Capital reissued a “buy” rating on shares of SEGRO in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of SEGRO in a research report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 951.33 ($12.30).

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.