Secure Income REIT PLC (LON:SIR) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 420 ($5.49) and last traded at GBX 418 ($5.46), with a volume of 171135 shares trading hands. The stock had previously closed at GBX 419 ($5.47).
Separately, Goldman Sachs Group decreased their target price on Secure Income REIT from GBX 457 ($5.97) to GBX 447 ($5.84) and set a “buy” rating on the stock in a research note on Tuesday, June 4th.
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 business has a 50 day moving average of GBX 403.48. The stock has a market capitalization of $1.35 billion and a price-to-earnings ratio of 8.60.
Secure Income REIT Company Profile (LON:SIR)
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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