JPMorgan Chase & Co. restated their overweight rating on shares of SEGRO (LON:SGRO – Free Report) in a research report sent to investors on Wednesday morning, Marketbeat.com reports.
A number of other equities research analysts have also issued reports on the company. Barclays raised SEGRO to an overweight rating in a research note on Wednesday, April 3rd. Berenberg Bank raised their price target on SEGRO from GBX 863 ($10.92) to GBX 940 ($11.90) and gave the stock a hold rating in a research note on Thursday, February 22nd. Shore Capital reissued a buy rating on shares of SEGRO in a research note on Wednesday, February 28th. Finally, HSBC raised SEGRO to a buy rating and set a GBX 964 ($12.20) price target for the company in a research note on Thursday, March 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of GBX 952 ($12.05).
View Our Latest Report on SEGRO
SEGRO Price Performance
SEGRO Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 14th will be given a dividend of GBX 19.10 ($0.24) per share. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from SEGRO’s previous dividend of $8.70. This represents a yield of 2.29%. SEGRO’s payout ratio is -13,333.33%.
Insider Buying and Selling at SEGRO
In other news, insider Carol Fairweather bought 8,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was acquired at an average cost of GBX 878 ($11.11) per share, with a total value of £70,240 ($88,900.14). 0.26% of the stock is currently owned by corporate insiders.
SEGRO Company Profile
SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion serving customers from a wide range of industry sectors.
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