Separately, Peel Hunt reaffirmed a buy rating on shares of St. Modwen Properties in a research note on Tuesday, December 4th.
LON:SMP traded up GBX 8.20 ($0.11) during mid-day trading on Tuesday, reaching GBX 415.20 ($5.43). The stock had a trading volume of 692,326 shares, compared to its average volume of 383,659. St. Modwen Properties has a 12 month low of GBX 304.80 ($3.98) and a 12 month high of GBX 429.40 ($5.61).
The business also recently announced a dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 7th will be paid a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost from St. Modwen Properties’s previous dividend of $3.10.
St. Modwen Properties Company Profile
St. Modwen Properties PLC develops residential and commercial land properties in the United Kingdom. The company develops retail, leisure, education, office, and industrial projects, as well as builds houses; and rents income producing properties, including residential and commercial assets. It owns a land bank of 6,000 developable acres.
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