Segro (LON:SGRO) announced a dividend on Friday, February 16th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, March 22nd will be given a dividend of GBX 11.35 ($0.16) per share by the real estate investment trust on Thursday, May 3rd. This represents a yield of 1.92%. The ex-dividend date of this dividend is Thursday, March 22nd. This is an increase from Segro’s previous dividend of $11.20. The official announcement can be viewed at this link.
SGRO traded down GBX 2 ($0.03) during trading on Friday, reaching GBX 614.40 ($8.62). 2,586,411 shares of the company’s stock were exchanged, compared to its average volume of 2,670,000. Segro has a one year low of GBX 447.40 ($6.28) and a one year high of GBX 612.80 ($8.60).
Segro (LON:SGRO) last issued its quarterly earnings results on Friday, February 16th. The real estate investment trust reported GBX 19.90 ($0.28) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 19.60 ($0.28) by GBX 0.30 ($0.00). The firm had revenue of £334.70 million for the quarter. Segro had a net margin of 400.00% and a return on equity of 21.26%.
SGRO has been the topic of a number of recent analyst reports. Liberum Capital upgraded shares of Segro to a “buy” rating and boosted their price target for the stock from GBX 505 ($7.09) to GBX 640 ($8.98) in a research report on Friday, December 15th. Jefferies Group upgraded shares of Segro to a “hold” rating and set a GBX 506 ($7.10) target price on the stock in a research report on Thursday, January 18th. JPMorgan Chase reiterated an “underweight” rating and set a GBX 600 ($8.42) target price on shares of Segro in a research report on Monday, February 19th. Numis Securities reiterated an “add” rating and set a GBX 681 ($9.56) target price on shares of Segro in a research report on Thursday, February 22nd. Finally, Peel Hunt boosted their target price on shares of Segro from GBX 550 ($7.72) to GBX 610 ($8.56) and gave the company an “add” rating in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 612.17 ($8.59).
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SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 6.7 million square metres of space (72 million square feet) valued at over £9 billion serving customers from a wide range of industry sectors.
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