Insider Selling: Shopping Cntrs Austrls Prprty Gp Re Ltd (ASX:SCP) Insider Sells A$1,024,800.00 in Stock

Shopping Cntrs Austrls Prprty Gp Re Ltd (ASX:SCP) insider Anthony Mellowes sold 400,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of A$2.56 ($1.82), for a total value of A$1,024,800.00 ($726,808.51).

Anthony Mellowes also recently made the following trade(s):

  • On Thursday, August 8th, Anthony Mellowes 541,501 shares of Shopping Cntrs Austrls Prprty Gp Re stock.

Shares of SCP stock opened at A$2.54 ($1.80) on Friday. The company has a debt-to-equity ratio of 54.61, a quick ratio of 0.54 and a current ratio of 0.56. Shopping Cntrs Austrls Prprty Gp Re Ltd has a 52-week low of A$2.32 ($1.65) and a 52-week high of A$2.74 ($1.94). The company has a market capitalization of $2.35 billion and a PE ratio of 20.16. The business’s fifty day moving average is A$2.49 and its 200 day moving average is A$2.53.

The firm also recently disclosed a Final dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 30th will be given a $0.075 dividend. 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 (DPR) is presently 119.05%.

About Shopping Cntrs Austrls Prprty Gp Re

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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