SEGRO (LON:SGRO) Stock Passes Above 200-Day Moving Average of $834.81

SEGRO Plc (LON:SGRO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 834.81 ($10.31) and traded as high as GBX 853.69 ($10.54). SEGRO shares last traded at GBX 843.40 ($10.42), with a volume of 3,184,477 shares.

Analyst Ratings Changes

A number of research firms recently commented on SGRO. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of SEGRO in a report on Wednesday, April 10th. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a report on Thursday, April 11th. Barclays raised shares of SEGRO to an “overweight” rating in a report on Wednesday, April 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,042 ($12.87) price target on shares of SEGRO in a report on Thursday, April 18th. Finally, Berenberg Bank lifted their price target on shares of SEGRO from GBX 863 ($10.66) to GBX 940 ($11.61) and gave the stock a “hold” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 982 ($12.13).

SEGRO Price Performance

The firm has a market capitalization of £11.45 billion, a PE ratio of -4,070.48, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73. The company has a debt-to-equity ratio of 50.61, a quick ratio of 0.62 and a current ratio of 0.88. The business’s 50 day moving average is GBX 868.15 and its two-hundred day moving average is GBX 835.80.

SEGRO Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 14th will be paid a GBX 19.10 ($0.24) dividend. This represents a yield of 2.29%. This is a positive change from SEGRO’s previous dividend of $8.70. The ex-dividend date of this dividend is Thursday, March 14th. SEGRO’s payout ratio is currently -13,333.33%.

Insider Activity at SEGRO

In other news, insider Carol Fairweather purchased 8,000 shares of SEGRO stock in a transaction dated Thursday, March 7th. The stock was purchased at an average cost of GBX 878 ($10.84) per share, for a total transaction of £70,240 ($86,758.89). 0.26% of the stock is owned by company insiders.

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.