Sun Hung Kai Properties (OTCMKTS:SUHJY) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Sun Hung Kai Properties (OTCMKTS:SUHJY) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research lowered shares of Sun Hung Kai Properties from a hold rating to a sell rating in a research note on Tuesday, September 24th.

OTCMKTS SUHJY traded down $0.02 during trading hours on Thursday, reaching $13.82. 93,733 shares of the company’s stock traded hands, compared to its average volume of 75,875. The firm has a 50-day simple moving average of $14.57 and a 200 day simple moving average of $15.66. Sun Hung Kai Properties has a 52-week low of $13.53 and a 52-week high of $18.21. The firm has a market cap of $40.09 billion, a PE ratio of 9.66, a PEG ratio of 3.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.15, a current ratio of 13.43 and a quick ratio of 13.43.

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be paid a $0.453 dividend. The ex-dividend date is Thursday, November 7th. This is a positive change from Sun Hung Kai Properties’s previous Semi-Annual dividend of $0.14. Sun Hung Kai Properties’s payout ratio is currently 63.64%.

About Sun Hung Kai Properties

Sun Hung Kai Properties Limited develops, sells, and rents real estate properties in Hong Kong, Mainland China, and Singapore. The company primarily develops and sells properties, including residential estates, industrial buildings, offices, and shopping centers. As of June 30, 2018, its land bank comprised 64.5 million square feet of gross floor area, primarily consists of 50.7 million square feet of properties under development and rest properties for rental purpose.

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