Deutsche Bank downgraded shares of SEGRO (LON:SGRO) to a hold rating in a research report sent to investors on Monday morning, Stock Target Advisor reports. Deutsche Bank currently has GBX 810 ($10.66) price objective on the real estate investment trust’s stock, down from their prior price objective of GBX 830 ($10.92).

Several other equities research analysts also recently commented on SGRO. JPMorgan Chase & Co. raised their target price on SEGRO from GBX 775 ($10.19) to GBX 855 ($11.25) and gave the company a neutral rating in a report on Thursday, January 16th. Royal Bank of Canada raised their target price on SEGRO from GBX 725 ($9.54) to GBX 750 ($9.87) and gave the company an underperform rating in a report on Monday, December 16th. Bank of America raised their price objective on SEGRO from GBX 950 ($12.50) to GBX 990 ($13.02) and gave the company a buy rating in a research note on Wednesday, January 15th. UBS Group restated a neutral rating on shares of SEGRO in a research note on Friday, February 7th. Finally, Morgan Stanley restated an overweight rating and set a GBX 870 ($11.44) price objective on shares of SEGRO in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. SEGRO presently has a consensus rating of Hold and a consensus target price of GBX 870.57 ($11.45).

Shares of LON:SGRO opened at GBX 923.20 ($12.14) on Monday. The company has a market cap of $10.12 billion and a P/E ratio of 10.71. The company has a debt-to-equity ratio of 28.31, a quick ratio of 0.93 and a current ratio of 0.96. SEGRO has a one year low of GBX 634.40 ($8.35) and a one year high of GBX 926 ($12.18). The business’s 50-day simple moving average is GBX 901.59 and its 200 day simple moving average is GBX 839.65.

The business also recently disclosed a dividend, which will be paid on Friday, May 1st. Investors of record on Thursday, March 19th will be given a dividend of GBX 14.40 ($0.19) per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a yield of 1.54%. This is a positive change from SEGRO’s previous dividend of $6.30. SEGRO’s payout ratio is currently 0.23%.

In related news, insider Susan (Sue) Clayton acquired 7,000 shares of SEGRO stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of GBX 860 ($11.31) per share, for a total transaction of £60,200 ($79,189.69).

SEGRO Company Profile

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 7 million square metres of space (75 million square feet) valued at £11 billion serving customers from a wide range of industry sectors.

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Analyst Recommendations for SEGRO (LON:SGRO)

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