McKay Securities’ (MCKS) Add Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their add rating on shares of McKay Securities (LON:MCKS) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports.

LON:MCKS traded up GBX 1.50 ($0.02) during trading on Wednesday, reaching GBX 235.50 ($3.08). The company’s stock had a trading volume of 14,382 shares, compared to its average volume of 72,972. The company has a market capitalization of $221.99 million and a price-to-earnings ratio of 16.94. The company has a debt-to-equity ratio of 53.87, a quick ratio of 0.48 and a current ratio of 1.35. The company has a 50 day simple moving average of GBX 239.22. McKay Securities has a 12 month low of GBX 221 ($2.89) and a 12 month high of GBX 283 ($3.70).

The firm also recently disclosed a dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, May 30th will be paid a GBX 7.40 ($0.10) dividend. This represents a yield of 3.08%. The ex-dividend date is Thursday, May 30th. This is an increase from McKay Securities’s previous dividend of $2.80. McKay Securities’s dividend payout ratio is 0.72%.

In other McKay Securities news, insider Tom Elliott sold 6,509 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of GBX 233 ($3.04), for a total value of £15,165.97 ($19,817.03).

About McKay Securities

McKay Securities PLC is a commercial property investment company with Real Estate Investment Trust (REIT) status, listed on the main market of the London Stock Exchange. It specialises in the development and refurbishment of good quality office and industrial buildings within established and proven markets of central London and South East England.

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