SEGRO Plc (LON:SGRO – Get Free Report)’s share price reached a new 52-week low on Wednesday . The company traded as low as GBX 581 ($7.59) and last traded at GBX 852.40 ($11.13), with a volume of 9182683 shares traded. The stock had previously closed at GBX 841.80 ($10.99).
Wall Street Analyst Weigh In
SGRO has been the subject of a number of recent research reports. UBS Group cut SEGRO to a “neutral” rating and decreased their price objective for the stock from GBX 1,045 ($13.65) to GBX 985 ($12.86) in a research report on Tuesday, August 20th. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research report on Thursday, September 26th. Jefferies Financial Group decreased their price objective on SEGRO from GBX 950 ($12.41) to GBX 930 ($12.14) and set a “hold” rating for the company in a research report on Monday, July 29th. Barclays reaffirmed an “overweight” rating and set a GBX 1,050 ($13.71) price objective on shares of SEGRO in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,050 ($13.71) price objective on shares of SEGRO in a research report on Tuesday, September 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 986.50 ($12.88).
Read Our Latest Stock Analysis on SGRO
SEGRO Stock Down 0.5 %
SEGRO Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, August 8th were given a GBX 9.10 ($0.12) dividend. This represents a dividend yield of 1%. The ex-dividend date was Thursday, August 8th. SEGRO’s dividend payout ratio is currently -13,333.33%.
About SEGRO
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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