Secure Income REIT PLC (LON:SIR) hit a new 52-week high 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 traded. The stock had previously closed at GBX 419 ($5.47).
Separately, Goldman Sachs Group cut 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 report on Tuesday, June 4th.
The company has a debt-to-equity ratio of 86.54, a quick ratio of 2.40 and a current ratio of 2.42. The firm has a market capitalization of $1.35 billion and a price-to-earnings ratio of 8.58. The company has a 50-day moving average price of GBX 403.18.
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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