Sirius Real Estate (LON:SRE) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Sirius Real Estate (LON:SRE) in a research note issued to investors on Monday morning, MarketBeat.com reports. Berenberg Bank currently has a GBX 134 price target on the stock.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 110 price objective on shares of Sirius Real Estate in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Sirius Real Estate currently has an average rating of “Buy” and a consensus price target of GBX 123.80.

Sirius Real Estate Trading Up 1.9%

Shares of LON SRE opened at GBX 88.35 on Monday. Sirius Real Estate has a twelve month low of GBX 85.85 and a twelve month high of GBX 112.80. The stock has a market cap of £1.40 billion, a price-to-earnings ratio of 5.95 and a beta of 1.20. The company has a quick ratio of 1.49, a current ratio of 0.92 and a debt-to-equity ratio of 76.76. The company’s fifty day moving average is GBX 94.72 and its 200-day moving average is GBX 96.80.

Insider Activity at Sirius Real Estate

In other Sirius Real Estate news, insider Joanne Kenrick bought 31,699 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was acquired at an average cost of GBX 95 per share, with a total value of £30,114.05. Also, insider Chris Bowman bought 1,746 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of GBX 97 per share, for a total transaction of £1,693.62. In the last three months, insiders acquired 419,861 shares of company stock worth $39,818,799. 4.46% of the stock is owned by company insiders.

Trending Headlines about Sirius Real Estate

Here are the key news stories impacting Sirius Real Estate this week:

• Positive Sentiment: Sirius reported an 11.3% increase in its rent roll during the first half, with acquisitions identified as a key driver of growth. Rising rental income should support revenue visibility and strengthen the company’s ability to generate cash flow. Sirius Real Estate rent roll rises 11.3% as acquisitions drive growth Sirius Real Estate eyes acquisitions as first-half rent roll grows 11%
• Positive Sentiment: Management continues to see acquisitions as an avenue for further expansion. Investors may view the combination of portfolio growth and higher rents as evidence that Sirius can continue increasing its earnings base. Sirius Real Estate reports 11.3% rent roll growth Sirius Real Estate Reports 11.3% Increase in Half-Year Rent Roll
• Positive Sentiment: Jefferies and Berenberg both reaffirmed their “Buy” ratings. Their price targets of GBX 110 and GBX 134, respectively, are above the recent trading level, signaling perceived upside and reinforcing the constructive analyst view. Jefferies Financial Group Reaffirms Buy Rating for Sirius Real Estate
• Neutral Sentiment: The company’s acquisition-led strategy could increase leverage and financing sensitivity, so investors will continue to monitor debt levels, property valuations and the cost of funding as Sirius pursues additional growth.

Sirius Real Estate Company Profile

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.