SWIRE Pac Ltd/S (SWRAY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of SWIRE Pac Ltd/S (OTCMKTS:SWRAY) from a buy rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “SWIRE PACIFIC LIMITED is one of Hong Kong’s leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial. The company’s operations are predominantly based in the Greater China region, where the Swire group has been established for over 130 years. Swire Pacific seeks to foster long-term, sustainable growth through active participation in management, underpinned by a strong financial base. “

Shares of SWRAY opened at $10.44 on Tuesday. SWIRE Pac Ltd/S has a 52-week low of $9.10 and a 52-week high of $11.77. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 0.68 and a beta of 1.00.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, October 15th. Shareholders of record on Wednesday, September 5th will be given a $0.135 dividend. The ex-dividend date is Tuesday, September 4th. SWIRE Pac Ltd/S’s payout ratio is 67.50%.

About SWIRE Pac Ltd/S

Swire Pacific Limited engages in property, aviation, beverages, marine services, and trading and industrial businesses in Hong Kong, other Asian countries, the United States, and internationally. Its Property division develops, owns, and operates mixed-use properties. This division's property investment portfolio comprises office and retail premises, serviced apartments, other luxury residential accommodations, and commercial mixed-use developments; and trading portfolio consists of residential properties.

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