Intu Properties PLC (INTU) to Issue Dividend of GBX 4.60 on November 22nd
Intu Properties PLC (LON:INTU) announced a dividend on Thursday, July 28th. Shareholders of record on Thursday, October 20th will be paid a dividend of GBX 4.60 ($0.06) per share by the real estate investment trust on Tuesday, November 22nd. This represents a yield of 1.55%. The ex-dividend date is Thursday, October 20th. The official announcement can be seen at this link.
Shares of Intu Properties PLC (LON:INTU) opened at 293.50 on Wednesday. The firm has a 50-day moving average price of GBX 295.30 and a 200-day moving average price of GBX 296.42. The stock’s market cap is GBX 3.91 billion. Intu Properties PLC has a 52 week low of GBX 254.70 and a 52 week high of GBX 355.70.
In related news, insider Fischel,David sold 37,175 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of GBX 297 ($3.62), for a total transaction of £110,409.75 ($134,563.99). Also, insider John Whittaker bought 22,258,276 shares of the business’s stock in a transaction that occurred on Wednesday, October 12th. The shares were acquired at an average cost of GBX 289 ($3.52) per share, for a total transaction of £64,326,417.64 ($78,399,046.48).
A number of research analysts recently issued reports on INTU shares. Canaccord Genuity restated a “hold” rating and set a GBX 280 ($3.41) target price on shares of Intu Properties PLC in a research report on Thursday, July 28th. Deutsche Bank AG cut their price objective on shares of Intu Properties PLC from GBX 380 ($4.63) to GBX 330 ($4.02) and set a “hold” rating for the company in a report on Friday, June 24th. Peel Hunt cut their price objective on shares of Intu Properties PLC from GBX 275 ($3.35) to GBX 250 ($3.05) and set a “reduce” rating for the company in a report on Thursday, July 28th. Jefferies Group reaffirmed an “underperform” rating and issued a GBX 229 ($2.79) price objective on shares of Intu Properties PLC in a report on Friday, July 29th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 325 ($3.96) price objective on shares of Intu Properties PLC in a report on Wednesday, August 3rd. Ten investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock presently has a consensus rating of “Sell” and a consensus target price of GBX 282.12 ($3.44).
Intu Properties PLC Company Profile
intu properties plc owns and manages shopping centers in the United Kingdom and in Spain. The Company’s Super-regional centers include intu Trafford Centre, intu Lakeside, intu Metrocentre, intu Braehead, intu Merry Hill and Cribbs Causeway, Bristol. The Company operates through two segments: UK and Spain.
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