Intu Properties plc (INTU) to Issue Dividend of GBX 4.60 on November 20th

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Intu Properties plc (LON:INTU) announced a dividend on Thursday, July 26th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 18th will be given a dividend of GBX 4.60 ($0.06) per share by the real estate investment trust on Tuesday, November 20th. This represents a dividend yield of 2.74%. The ex-dividend date is Thursday, October 18th. The official announcement can be viewed at this link.

Intu Properties stock opened at GBX 184.70 ($2.41) on Friday. Intu Properties has a 12-month low of GBX 188.90 ($2.47) and a 12-month high of GBX 291.60 ($3.81).

Intu Properties (LON:INTU) last announced its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported GBX 7.30 ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 7.50 ($0.10) by GBX (0.20) ($0.00). Intu Properties had a return on equity of 5.08% and a net margin of 39.93%.

Several brokerages recently commented on INTU. UBS Group reiterated a “neutral” rating and set a GBX 160 ($2.09) price target (down from GBX 200 ($2.61)) on shares of Intu Properties in a research note on Wednesday, September 5th. JPMorgan Chase & Co. cut their price target on shares of Intu Properties from GBX 220 ($2.87) to GBX 175 ($2.29) and set a “neutral” rating on the stock in a research note on Thursday, September 6th. Morgan Stanley lowered shares of Intu Properties to an “underweight” rating in a research note on Thursday, August 30th. Barclays cut their price target on shares of Intu Properties from GBX 180 ($2.35) to GBX 160 ($2.09) and set an “underweight” rating on the stock in a research note on Monday, August 6th. Finally, Deutsche Bank cut their price target on shares of Intu Properties from GBX 150 ($1.96) to GBX 140 ($1.83) and set a “sell” rating on the stock in a research note on Tuesday, September 11th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 190.36 ($2.49).

About Intu Properties

Intu owns and manages some of the best shopping centres, in some of the strongest locations, in the UK and Spain. Our UK portfolio is made up of 17 centres, including 10 of the top-25, and in Spain we own three of the country's top-10 centres, with advanced plans to build a fourth. We are passionate about creating compelling experiences, in centre and online, that make our customers smile and help our retailers flourish.

See Also: Earnings Reports

Dividend History for Intu Properties (LON:INTU)

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