St. Modwen Properties (SMP) Insider Jamie Hopkins Acquires 12,564 Shares

St. Modwen Properties (LON:SMP) insider Jamie Hopkins purchased 12,564 shares of the company’s stock in a transaction dated Monday, April 9th. The shares were bought at an average price of GBX 396 ($5.60) per share, for a total transaction of £49,753.44 ($70,322.88).

SMP stock traded up GBX 5 ($0.07) on Monday, reaching GBX 395 ($5.58). The company’s stock had a trading volume of 367,988 shares, compared to its average volume of 383,659. St. Modwen Properties has a 52 week low of GBX 304.80 ($4.31) and a 52 week high of GBX 429.40 ($6.07).

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The firm also recently disclosed a dividend, which was paid on Wednesday, April 4th. Investors of record on Thursday, March 8th were issued a GBX 4.26 ($0.06) dividend. This represents a yield of 1.06%. This is a positive change from St. Modwen Properties’s previous dividend of $2.02. The ex-dividend date was Thursday, March 8th.

A number of analysts have recently weighed in on the company. Peel Hunt reiterated a “buy” rating on shares of St. Modwen Properties in a research report on Thursday. Liberum Capital reiterated a “buy” rating and set a GBX 445 ($6.29) price target on shares of St. Modwen Properties in a research report on Thursday, March 29th. Numis Securities reissued a “buy” rating and issued a GBX 488 ($6.90) price objective on shares of St. Modwen Properties in a report on Wednesday, March 14th. Finally, JPMorgan Chase reissued an “overweight” rating and issued a GBX 475 ($6.71) price objective on shares of St. Modwen Properties in a report on Wednesday, February 7th.

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About St. Modwen Properties

St. Modwen Properties PLC develops residential and commercial land properties in the United Kingdom. The company develops retail, leisure, education, office, and industrial projects, as well as builds houses; and rents income producing properties, including residential and commercial assets. It owns a land bank of 6,000 developable acres.

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