SEGRO Plc (LON:SGRO – Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 814.77 ($10.30) and traded as high as GBX 904 ($11.42). SEGRO shares last traded at GBX 903.80 ($11.42), with a volume of 2,490,451 shares.
Analysts Set New Price Targets
A number of equities research analysts have commented on SGRO shares. Shore Capital reiterated a “buy” rating on shares of SEGRO in a report on Wednesday, February 28th. HSBC upgraded SEGRO to a “buy” rating and set a GBX 964 ($12.18) price objective for the company in a research report on Thursday, March 21st. Finally, Berenberg Bank raised their price target on shares of SEGRO from GBX 863 ($10.91) to GBX 940 ($11.88) and gave the stock a “hold” rating in a research note on Thursday, February 22nd.
Check Out Our Latest Research Report on SGRO
SEGRO Price Performance
SEGRO Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 14th will be paid a GBX 19.10 ($0.24) dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from SEGRO’s previous dividend of $8.70. This represents a dividend yield of 2.29%. SEGRO’s dividend payout ratio is -13,333.33%.
Insider Buying and Selling at SEGRO
In other SEGRO news, insider Carol Fairweather acquired 8,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were bought at an average cost of GBX 878 ($11.10) per share, for a total transaction of £70,240 ($88,765.32). 0.26% of the stock is currently owned by corporate insiders.
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.
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