Peel Hunt reiterated their buy rating on shares of Sirius Real Estate (LON:SRE) in a research report report published on Monday morning. Peel Hunt currently has a GBX 75 ($0.98) target price on the stock.
LON:SRE opened at GBX 58.40 ($0.76) on Monday. Sirius Real Estate has a 52 week low of GBX 50.25 ($0.66) and a 52 week high of GBX 67.50 ($0.88).
The firm also recently announced a dividend, which will be paid on Friday, January 18th. Stockholders of record on Thursday, December 13th will be given a dividend of €0.02 ($0.02) per share. The ex-dividend date of this dividend is Thursday, December 13th. This is a boost from Sirius Real Estate’s previous dividend of $0.02. This represents a dividend yield of 2.4%.
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.
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