Peel Hunt reiterated their add rating on shares of McKay Securities (LON:MCKS) in a report issued on Wednesday, ThisIsMoney.Co.Uk reports.

MCKS stock opened at GBX 231 ($3.02) on Wednesday. The firm has a market capitalization of $217.75 million and a P/E ratio of 16.62. The company has a 50-day moving average of GBX 238.86. McKay Securities has a 52 week low of GBX 221 ($2.89) and a 52 week high of GBX 283 ($3.70). The company has a debt-to-equity ratio of 53.87, a quick ratio of 0.48 and a current ratio of 1.35.

The business also recently declared a dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, May 30th will be paid a GBX 7.40 ($0.10) dividend. This represents a yield of 3.08%. The ex-dividend date of this dividend is Thursday, May 30th. This is an increase from McKay Securities’s previous dividend of $2.80. McKay Securities’s payout ratio is 0.72%.

In related news, insider Tom Elliott sold 6,509 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of GBX 233 ($3.04), for a total value of £15,165.97 ($19,817.03).

About McKay Securities

McKay Securities PLC is a commercial property investment company with Real Estate Investment Trust (REIT) status, listed on the main market of the London Stock Exchange. It specialises in the development and refurbishment of good quality office and industrial buildings within established and proven markets of central London and South East England.

See Also: What are the economic characteristics of a bear market?

Receive News & Ratings for McKay Securities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McKay Securities and related companies with MarketBeat.com's FREE daily email newsletter.