The Intu Properties PLC (INTU) to Issue Dividend of GBX 4.60 on November 22nd

The Intu Properties PLC (INTU) to Issue Dividend of GBX 4.60 on  November 22nd

Intu Properties PLC (LON:INTU) declared a dividend on Thursday, July 28th. Stockholders of record on Thursday, October 20th will be given a dividend of GBX 4.60 ($0.06) per share by the real estate investment trust on Tuesday, November 22nd. This represents a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, October 20th. The official announcement can be viewed at this link.

Intu Properties PLC (LON:INTU) opened at 291.50 on Friday. The company’s market cap is GBX 3.88 billion. Intu Properties PLC has a 12-month low of GBX 254.70 and a 12-month high of GBX 355.70. The stock has a 50 day moving average of GBX 296.64 and a 200-day moving average of GBX 296.96.

INTU has been the topic of a number of research reports. Deutsche Bank AG restated a “buy” rating and issued a GBX 250 ($3.09) price objective on shares of Intu Properties PLC in a research note on Monday, September 19th. Canaccord Genuity restated a “hold” rating and issued a GBX 280 ($3.47) price objective on shares of Intu Properties PLC in a research note on Thursday, July 28th. Numis Securities Ltd restated a “hold” rating and issued a GBX 291 ($3.60) price objective on shares of Intu Properties PLC in a research note on Thursday, July 28th. HSBC upgraded Intu Properties PLC to a “hold” rating and boosted their price objective for the company from GBX 262 ($3.24) to GBX 296 ($3.66) in a research note on Friday, September 30th. Finally, Goldman Sachs Group Inc. lowered their price objective on Intu Properties PLC from GBX 350 ($4.33) to GBX 314 ($3.89) and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Ten analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company has an average rating of “Sell” and a consensus target price of GBX 282.12 ($3.49).

In related news, insider John Whittaker acquired 22,258,276 shares of the stock in a transaction on Wednesday, October 12th. The stock was purchased at an average price of GBX 289 ($3.58) per share, for a total transaction of £64,326,417.64 ($79,611,903.02). Also, insider Fischel,David sold 37,175 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of GBX 297 ($3.68), for a total value of £110,409.75 ($136,645.73).

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