Standard Life Inv Prop Inc Trust Ltd (SLI) Plans Dividend of GBX 1.16
Standard Life Inv Prop Inc Trust (LON:SLI) declared a dividend on Friday, July 4th, American Banking News.com reports. Stockholders of record on Wednesday, July 23rd will be given a dividend of GBX 1.16 ($0.02) per share on Friday, August 22nd. This represents a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, July 23rd. The official announcement can be seen at this link.
SLI has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Standard Life Inv Prop Inc Trust in a research note on Tuesday, June 3rd. They now have a GBX 380 ($6.47) price target on the stock. On a related note, analysts at HSBC reiterated an “underweight” rating on shares of Standard Life Inv Prop Inc Trust in a research note on Friday, May 30th. They now have a GBX 365 ($6.22) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Standard Life Inv Prop Inc Trust in a research note on Friday, May 23rd. They now have a GBX 400 ($6.81) price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 382.58 ($6.52).
Standard Life Inv Prop Inc Trust (LON:SLI) traded down 0.55% on Friday, hitting GBX 76.58. The stock had a trading volume of 305,980 shares. Standard Life Inv Prop Inc Trust has a 1-year low of GBX 59.34 and a 1-year high of GBX 77.00. The stock has a 50-day moving average of GBX 0.72 and a 200-day moving average of GBX 0.72.
Standard Life Investments Property Income Trust Limited is a closed ended investment company. The Company’s investment objective is to provide a level of income, along with the prospect of income and capital growth, by investing in a diversified the United Kingdom commercial property portfolio.
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