Shopping Cntrs Austrls Prprty Gp Re (ASX:SCP) Share Price Passes Below Fifty Day Moving Average of $2.50

Shopping Cntrs Austrls Prprty Gp Re Ltd (ASX:SCP) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.50 and traded as low as $2.50. Shopping Cntrs Austrls Prprty Gp Re shares last traded at $2.54, with a volume of 2,285,882 shares changing hands.

The company has a debt-to-equity ratio of 57.93, a current ratio of 1.06 and a quick ratio of 0.98. The business’s fifty day moving average is A$2.50. The company has a market capitalization of $2.35 billion and a price-to-earnings ratio of 13.73.

The company also recently announced a Final dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 30th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, June 27th. This represents a dividend yield of 2.83%. Shopping Cntrs Austrls Prprty Gp Re’s dividend payout ratio is currently 81.08%.

In other news, insider Belinda Robson bought 25,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was purchased at an average cost of A$2.60 ($1.84) per share, for a total transaction of A$65,000.00 ($46,099.29).

About Shopping Cntrs Austrls Prprty Gp Re (ASX:SCP)

SCA Property Group (SCP) includes two internally managed real estate investment trusts owning a portfolio of quality neighbourhood and sub-regional shopping centres located across Australia. The SCA Property Group invests in shopping centres predominantly anchored by non-discretionary retailers, with long term leases to tenants such as Woolworths Limited, Coles Group Limited and companies in the Wesfarmers Limited group.

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