Secure Income REIT PLC (LON:SIR) announced a dividend on Thursday, July 23rd, Upcoming.Co.Uk reports. Investors of record on Thursday, July 30th will be given a dividend of GBX 3.65 ($0.04) per share on Friday, August 28th. This represents a yield of 1.43%. The ex-dividend date is Thursday, July 30th. The official announcement can be seen at this link.
LON:SIR opened at GBX 254 ($3.13) on Thursday. Secure Income REIT has a 1 year low of GBX 2.71 ($0.03) and a 1 year high of GBX 476 ($5.86). The company has a current ratio of 2.42, a quick ratio of 2.40 and a debt-to-equity ratio of 86.54. The stock has a market cap of $820.04 million and a price-to-earnings ratio of 5.22. The stock has a 50-day moving average price of GBX 271.07 and a two-hundred day moving average price of GBX 340.87.
In related news, insider Leslie Ferrar purchased 1,867 shares of Secure Income REIT stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of GBX 225 ($2.77) per share, with a total value of £4,200.75 ($5,169.52).
Separately, Goldman Sachs Group decreased their target price on Secure Income REIT from GBX 452 ($5.56) to GBX 444 ($5.46) and set a “buy” rating for the company in a research note on Wednesday, June 24th.
About Secure Income REIT
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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