Jefferies Financial Group reissued their buy rating on shares of SEGRO (LON:SGRO – Free Report) in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 1,042 ($12.97) price target on the real estate investment trust’s stock.
A number of other analysts have also weighed in on SGRO. HSBC raised SEGRO to a buy rating and set a GBX 964 ($12.00) price objective on the stock in a research report on Thursday, March 21st. Berenberg Bank upped their price objective on SEGRO from GBX 863 ($10.74) to GBX 940 ($11.70) and gave the stock a hold rating in a research report on Thursday, February 22nd. Shore Capital reaffirmed a buy rating on shares of SEGRO in a research report on Thursday, April 11th. Barclays raised SEGRO to an overweight rating in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of SEGRO in a research report on Wednesday, April 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, SEGRO presently has a consensus rating of Moderate Buy and a consensus target price of GBX 982 ($12.22).
Check Out Our Latest Report on SGRO
SEGRO Stock Down 0.1 %
SEGRO Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 14th will be paid a dividend of GBX 19.10 ($0.24) per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a dividend yield of 2.29%. This is an increase from SEGRO’s previous dividend of $8.70. SEGRO’s payout ratio is presently -13,333.33%.
Insider Buying and Selling
In related news, insider Carol Fairweather acquired 8,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was bought at an average price of GBX 878 ($10.93) per share, for a total transaction of £70,240 ($87,439.31). Insiders own 0.26% of the company’s stock.
SEGRO Company Profile
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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