Secure Income REIT (LON:SIR) Stock Passes Below 50 Day Moving Average of $272.98

Shares of Secure Income REIT PLC (LON:SIR) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $272.98 and traded as low as $262.50. Secure Income REIT shares last traded at $275.50, with a volume of 746,794 shares traded.

Separately, Goldman Sachs Group decreased their price target on shares of Secure Income REIT from GBX 452 ($5.91) to GBX 444 ($5.80) and set a “buy” rating for the company in a research report on Wednesday, June 24th.

The firm has a market cap of $889.46 million and a price-to-earnings ratio of 5.66. The business’s 50-day moving average price is GBX 272.98 and its two-hundred day moving average price is GBX 288.61. The company has a debt-to-equity ratio of 86.54, a current ratio of 2.42 and a quick ratio of 2.40.

The firm also recently disclosed a dividend, which was paid on Friday, August 28th. Shareholders of record on Thursday, July 30th were issued a GBX 3.65 ($0.05) dividend. This represents a yield of 1.43%. The ex-dividend date of this dividend was Thursday, July 30th. Secure Income REIT’s dividend payout ratio is presently 0.35%.

Secure Income REIT Company Profile (LON:SIR)

Secure Income REIT specialises in generating long term, inflation protected, secure income from real estate investments. Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows. At 30 June 2018, the Group's investment property portfolio was valued at £2.3 billion, producing £124.5 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of 21.4 years.

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