Schroder Real Estate Investment Trust Ltd (SREI)

Sector:

Real Estate

Index:

FTSE Small Cap

50.60p
   
  • Change Today:
      0.90p
  • 52 Week High: 53.40
  • 52 Week Low: 41.30
  • Currency: UK Pounds
  • Shares Issued: 489.11m
  • Volume: 1,004,458
  • Market Cap: £247.49m
  • Beta: 0.63

Sunday share tips: Schroder Real Estate Investment Trust, SSP

By Alexander Bueso

Date: Sunday 31 Mar 2024

LONDON (ShareCast) - (Sharecast News) - The Financial Mail on Sunday's Midas column tipped shares of Schroder Real Estate Investment Trust (SREIT) to its readers, predicting that they were set to rally.


"That was on top of the group's dividend, which was expected to hit nearly 8% for the year ending on 31 March and to continue growing.

At 42p, the stock is a buy, while generous dividends add to its appeal," the tipster said.

In particular, Midas explained that the company was planning to turn its property portfolio from brown to green and charge tenants more in the process.

Counter-intuitive as that might seem, given current economic conditions, energy-efficient buildings were often cheaper to run and costs lower - or at least the same as elsewhere - despite the higher rents.

Long-term fixed-rate debt issued when rates were low would help, Midas said.

Yet the company was fetching a market value of just £203m, whereas its independent valuers believed it was worth £458m.

Indeed, the shares had more than halved from their 2018 peak.



The Sunday Times's Lucy Tobin believes readers should 'buy' shares of SSP Group.

Its business had momentum on its side, as the latest figures from the International Air Transport Association showed, with passenger numbers near to hitting their levels from before the pandemic.

While the 600p pre-pandemic share price might never be revisited, the shares should certainly recover from their current low level, Tobin surmised.

She pointed to the company's "successful" growth, whether that be organic or non-organic to back up her case.

Analysts at Peel Hunt and Liberum were in a similar frame of mind.

The former judged the shares to be "very attractive" whilst the latter was expecting growth to continue into 2024.

"Dividend payouts were unleashed again last year and the momentum is now with SSP," Tobin said.

"Buy."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SREI Market Data

Currency UK Pounds
Share Price 50.60p
Change Today 0.90p
% Change 1.81 %
52 Week High 53.40
52 Week Low 41.30
Volume 1,004,458
Shares Issued 489.11m
Market Cap £247.49m
Beta 0.63

SREI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35% below the market average35% below the market average35% below the market average35% below the market average35% below the market average
94.74% below the sector average94.74% below the sector average94.74% below the sector average94.74% below the sector average94.74% below the sector average
Price Trend
63.49% above the market average63.49% above the market average63.49% above the market average63.49% above the market average63.49% above the market average
65.85% above the sector average65.85% above the sector average65.85% above the sector average65.85% above the sector average65.85% above the sector average
Income
4.61% below the market average4.61% below the market average4.61% below the market average4.61% below the market average4.61% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
23.80% above the market average23.80% above the market average23.80% above the market average23.80% above the market average23.80% above the market average
38.89% above the sector average38.89% above the sector average38.89% above the sector average38.89% above the sector average38.89% above the sector average

SREI Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 08-Aug-24 13-Jun-24
Paid 30-Aug-24 28-Jun-24
Amount 0.85p 0.85p

Trades for 21-Nov-2024

Time Volume / Share Price
15:39 200,000 @ 50.10p
16:21 60,000 @ 50.10p
16:14 64,435 @ 50.12p
16:05 59,854 @ 50.12p
16:29 38 @ 50.20p

Top of Page