Numis Securities reissued their add rating on shares of Segro (LON:SGRO) in a research report sent to investors on Wednesday. Numis Securities currently has a GBX 681 ($9.75) price target on the real estate investment trust’s stock.
Other analysts have also issued reports about the company. Liberum Capital restated a buy rating and issued a GBX 640 ($9.16) target price on shares of Segro in a research note on Friday, February 16th. JPMorgan Chase lifted their price objective on Segro from GBX 540 ($7.73) to GBX 600 ($8.59) and gave the stock an underweight rating in a research report on Monday, January 15th. Canaccord Genuity lifted their price objective on Segro from GBX 560 ($8.02) to GBX 620 ($8.88) and gave the stock a buy rating in a research report on Friday, December 22nd. Deutsche Bank upgraded Segro to a buy rating and lifted their price objective for the stock from GBX 570 ($8.16) to GBX 670 ($9.59) in a research report on Thursday, April 5th. Finally, Goldman Sachs lifted their price objective on Segro from GBX 585 ($8.38) to GBX 620 ($8.88) and gave the stock a neutral rating in a research report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 617.82 ($8.85).
Shares of LON:SGRO opened at GBX 628.20 ($8.99) on Wednesday. Segro has a twelve month low of GBX 447.40 ($6.41) and a twelve month high of GBX 612.80 ($8.77).
Segro (LON:SGRO) last announced its earnings results on Friday, February 16th. The real estate investment trust reported GBX 19.90 ($0.28) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 19.60 ($0.28) by GBX 0.30 ($0.00). Segro had a return on equity of 21.26% and a net margin of 400.00%. The company had revenue of £334.70 million during the quarter.
The company also recently disclosed a dividend, which will be paid on Thursday, May 3rd. Investors of record on Thursday, March 22nd will be given a GBX 11.35 ($0.16) dividend. This represents a yield of 1.92%. This is a positive change from Segro’s previous dividend of $11.20. The ex-dividend date is Thursday, March 22nd.
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 6.7 million square metres of space (72 million square feet) valued at over £9 billion serving customers from a wide range of industry sectors.
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