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

SEGRO Plc (LON:SGRO) announced a dividend on Friday, July 26th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 8th will be given 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 Price Performance

SEGRO stock opened at GBX 884.41 ($11.44) on Friday. The business has a 50 day simple moving average of GBX 910.89 and a 200 day simple moving average of GBX 881.22. 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 has a market capitalization of £11.94 billion, a PE ratio of -4,320.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.75. SEGRO has a one year low of GBX 675 ($8.73) and a one year high of GBX 949 ($12.27).

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, insider Soumen Das acquired 408 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average price of GBX 882 ($11.41) per share, for a total transaction of £3,598.56 ($4,654.11). In other news, insider David J. R. Sleath sold 108,420 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of GBX 893 ($11.55), for a total value of £968,190.60 ($1,252,186.50). Also, insider Soumen Das purchased 408 shares of the stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of GBX 882 ($11.41) per share, with a total value of £3,598.56 ($4,654.11). Insiders own 0.25% of the company’s stock.

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.