Schroder Real Estate Investment Trust Ltd (SREI)

Sector:

Real Estate

Index:

FTSE Small Cap

44.00p
   
  • Change Today:
    -0.30p
  • 52 Week High: 46.40
  • 52 Week Low: 39.60
  • Currency: UK Pounds
  • Shares Issued: 489.11m
  • Volume: 507,084
  • Market Cap: £215.21m

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 44.00p
Change Today -0.30p
% Change -0.68 %
52 Week High 46.40
52 Week Low 39.60
Volume 507,084
Shares Issued 489.11m
Market Cap £215.21m

SREI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.16% below the market average21.16% below the market average21.16% below the market average21.16% below the market average21.16% below the market average
74.36% below the sector average74.36% below the sector average74.36% below the sector average74.36% below the sector average74.36% below the sector average
Price Trend
27.53% below the market average27.53% below the market average27.53% below the market average27.53% below the market average27.53% below the market average
23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average
Income
1.01% above the market average1.01% above the market average1.01% above the market average1.01% above the market average1.01% above the market average
17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average
Growth
15.29% above the market average15.29% above the market average15.29% above the market average15.29% above the market average15.29% above the market average
52.63% above the sector average52.63% above the sector average52.63% above the sector average52.63% above the sector average52.63% above the sector average

SREI Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 13-Jun-24 07-Mar-24
Paid 28-Jun-24 28-Mar-24
Amount 0.85p 0.84p

Trades for 07-Jun-2024

Time Volume / Share Price
16:35 19,819 @ 44.00p
16:35 202 @ 44.00p
16:35 1,934 @ 44.00p
16:35 381 @ 44.00p
16:35 2,900 @ 44.00p

Top of Page