Sirius Real Estate (LON:SRE) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Sirius Real Estate Limited (LON:SRE) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 80.22 ($0.99) and traded as high as GBX 80.85 ($1.00). Sirius Real Estate shares last traded at GBX 80.05 ($0.99), with a volume of 3,284,382 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 115 ($1.43) price target on shares of Sirius Real Estate in a research note on Tuesday, December 17th.

Sirius Real Estate Price Performance

The company has a market cap of £1.20 billion, a PE ratio of 1,145.00 and a beta of 1.18. The company has a quick ratio of 1.49, a current ratio of 1.87 and a debt-to-equity ratio of 69.81. The stock has a 50-day simple moving average of GBX 80.12 and a 200 day simple moving average of GBX 89.52.

Sirius Real Estate Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, December 12th were given a €0.03 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a yield of 2.89%. This is a boost from Sirius Real Estate’s previous dividend of $0.03. Sirius Real Estate’s dividend payout ratio is presently 7,142.86%.

Insider Buying and Selling at Sirius Real Estate

In other news, insider Andrew Coombs purchased 5,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of GBX 80 ($0.99) per share, for a total transaction of £4,000 ($4,957.24). Insiders purchased a total of 1,129,212 shares of company stock worth $99,048,863 over the last three months. Insiders own 1.95% of the company’s stock.

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.