Barclays reiterated their overweight rating on shares of SEGRO (LON:SGRO – Free Report) in a research report released on Monday morning, MarketBeat Ratings reports. Barclays currently has a GBX 1,050 ($13.73) target price on the real estate investment trust’s stock.
Several other equities analysts have also weighed in on the company. JPMorgan Chase & Co. raised their target price on SEGRO from GBX 1,000 ($13.08) to GBX 1,050 ($13.73) and gave the company an overweight rating in a report on Thursday, August 22nd. Jefferies Financial Group cut their target price on SEGRO from GBX 950 ($12.42) to GBX 930 ($12.16) and set a hold rating on the stock in a report on Monday, July 29th. UBS Group lowered SEGRO to a neutral rating and cut their target price for the company from GBX 1,045 ($13.67) to GBX 985 ($12.88) in a report on Tuesday, August 20th. Finally, Shore Capital restated a buy rating on shares of SEGRO in a report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, SEGRO has a consensus rating of Moderate Buy and a consensus target price of GBX 986.50 ($12.90).
Check Out Our Latest Stock Report on SGRO
SEGRO Price Performance
SEGRO Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 8th will be paid a GBX 9.10 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a dividend yield of 1%. SEGRO’s payout ratio is presently -13,333.33%.
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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