Intu Properties PLC (LON:INTU) Declares GBX 4.60 Dividend
Intu Properties PLC (LON:INTU) announced a dividend on Thursday, July 27th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 19th will be paid a dividend of GBX 4.60 ($0.06) per share by the real estate investment trust on Tuesday, November 21st. This represents a yield of 1.74%. The ex-dividend date is Thursday, October 19th. The official announcement can be seen at this link.
Shares of Intu Properties PLC (LON INTU) traded down 5.14% during midday trading on Thursday, reaching GBX 263.90. The company had a trading volume of 5,692,293 shares. Intu Properties PLC has a 1-year low of GBX 257.16 and a 1-year high of GBX 319.40. The stock’s market capitalization is GBX 3.54 billion. The company’s 50-day moving average is GBX 269.96 and its 200-day moving average is GBX 274.74.
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In other news, insider John Whittaker purchased 332,500 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were acquired at an average price of GBX 266 ($3.47) per share, for a total transaction of £884,450 ($1,152,227.72). Also, insider Matthew Roberts purchased 657 shares of the company’s stock in a transaction on Friday, April 28th. The shares were purchased at an average price of GBX 274 ($3.57) per share, for a total transaction of £1,800.18 ($2,345.21). Insiders bought a total of 1,003,157 shares of company stock worth $268,855,018 over the last quarter.
A number of research analysts have weighed in on the company. Numis Securities Ltd reissued a “reduce” rating and issued a GBX 240 ($3.13) target price on shares of Intu Properties PLC in a report on Thursday. Peel Hunt reaffirmed a “hold” rating and issued a GBX 300 ($3.91) price objective on shares of Intu Properties PLC in a research note on Thursday. Liberum Capital reaffirmed a “sell” rating and issued a GBX 240 ($3.13) price objective on shares of Intu Properties PLC in a research note on Thursday. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 300 ($3.91) price objective on shares of Intu Properties PLC in a research note on Monday. Finally, Credit Suisse Group reaffirmed an “underperform” rating on shares of Intu Properties PLC in a research note on Friday, July 21st. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 278 ($3.62).
Intu Properties PLC Company Profile
intu properties plc owns and manages shopping centers in the United Kingdom and in Spain. The Company is primarily a shopping center-focused business and operates through two segments, including United Kingdom and Spain. The Company’s Super-regional centers include intu Trafford Centre, intu Lakeside, intu Metrocentre, intu Braehead, intu Merry Hill and Cribbs Causeway.
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