St. Modwen Properties plc (LON:SMP) declared a dividend on Tuesday, February 6th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, March 8th will be paid a dividend of GBX 4.26 ($0.06) per share on Wednesday, April 4th. This represents a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from St. Modwen Properties’s previous dividend of $2.02. The official announcement can be seen at this link.
St. Modwen Properties (LON SMP) opened at GBX 373.20 ($5.16) on Wednesday. St. Modwen Properties has a 12 month low of GBX 304.80 ($4.21) and a 12 month high of GBX 429.40 ($5.93). The company has a market capitalization of $831.31 and a price-to-earnings ratio of 1,382.22.
In related news, insider Robert Hudson bought 24,666 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average cost of GBX 403 ($5.57) per share, with a total value of £99,403.98 ($137,336.25). Also, insider Mark Allan bought 40,000 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were bought at an average cost of GBX 373 ($5.15) per share, with a total value of £149,200 ($206,134.29). Over the last ninety days, insiders have purchased 75,025 shares of company stock valued at $28,838,254.
A number of research analysts have recently commented on the company. Peel Hunt reiterated a “buy” rating on shares of St. Modwen Properties in a research note on Tuesday, December 19th. Liberum Capital increased their price target on St. Modwen Properties from GBX 400 ($5.53) to GBX 445 ($6.15) and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 410 ($5.66) price target on shares of St. Modwen Properties in a research note on Tuesday, November 28th.
St. Modwen Properties Company Profile
St. Modwen Properties PLC is a United Kingdom-based regeneration specialist. The Company operates in property industry from a network of regional offices, a residential business and through joint ventures with public sector and industry partners. Its segments include Portfolio and Residential development.