SEGRO Plc (LON:SGRO - Get Rating) announced a dividend on Friday, February 17th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, March 16th will be paid a dividend of GBX 18.20 ($0.22) per share by the real estate investment trust on Thursday, May 4th. This represents a dividend yield of 2.18%. The ex-dividend date is Thursday, March 16th. This is a positive change from SEGRO's previous dividend of $8.10. The official announcement can be accessed at this link.
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Shares of LON:SGRO opened at GBX 868.60 ($10.54) on Friday. The company has a market cap of £10.51 billion, a P/E ratio of 247.40, a P/E/G ratio of 2.69 and a beta of 0.70. The stock's 50-day moving average is GBX 812.48 and its 200-day moving average is GBX 844.57. SEGRO has a 52-week low of GBX 669.20 ($8.12) and a 52-week high of GBX 1,408 ($17.09). The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.62 and a current ratio of 0.71.
SGRO has been the topic of several research analyst reports. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,040 ($12.62) price target on shares of SEGRO in a research report on Monday, November 21st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a GBX 900 ($10.92) price target on shares of SEGRO in a research report on Friday, November 18th. Barclays reaffirmed an "overweight" rating and issued a GBX 985 ($11.96) price target on shares of SEGRO in a research report on Friday, October 21st. JPMorgan Chase & Co. decreased their target price on SEGRO from GBX 1,150 ($13.96) to GBX 960 ($11.65) and set an "overweight" rating on the stock in a research report on Tuesday, November 1st. Finally, Citigroup downgraded SEGRO to a "neutral" rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, SEGRO currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,054.60 ($12.80).
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 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors.
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