The stock of DEXUS Property Group (ASX:DXS) is a huge mover today! The stock increased 1.38% or $0.12 on November 18, hitting $8.82. About 3.57 million shares traded hands. DEXUS Property Group (ASX:DXS) has risen 7.43% since April 22, 2016 and is uptrending. It has outperformed by 3.00% the S&P500.
The move comes after 8 months positive chart setup for the $8.38B company. It was reported on Nov, 18 by Barchart.com. We have $12.35 PT which if reached, will make ASX:DXS worth $3.35B more.
Another recent and important DEXUS Property Group (ASX:DXS) news was published by Reuters.com which published an article titled: “BRIEF-Dexus Property Group updates on sale of 39 Martin Place, Sydney” on November 14, 2016.
DEXUS Property Group is a real estate investment trust. The company has a market cap of $8.38 billion. The principal activity of the Company is to own, manage and develop real estate assets, and manage real estate funds on behalf of third-party investors. It has a 6.78 P/E ratio. The Company’s divisions include Office, which consists of domestic office space with any associated retail space, as well as car parks and office developments; Industrial, which includes domestic industrial properties, industrial estates and industrial developments; Property management, which includes property management services for third-party clients and owned assets; Funds management, which consists of funds management of third-party client assets; Development and trading, which includes revenue earned and costs incurred by the Company on developments and inventory, and All other divisions.
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