Several other research firms have also recently commented on LMP. Peel Hunt restated an add rating on shares of Londonmetric Property in a report on Tuesday. Barclays started coverage on shares of Londonmetric Property in a report on Tuesday, October 2nd. They set an overweight rating and a GBX 200 ($2.61) price target for the company. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 189 ($2.47).
LMP stock opened at GBX 178 ($2.33) on Wednesday. Londonmetric Property has a 52 week low of GBX 149.10 ($1.95) and a 52 week high of GBX 189.10 ($2.47).
Londonmetric Property (LON:LMP) last posted its quarterly earnings results on Wednesday, November 28th. The company reported GBX 4.40 ($0.06) EPS for the quarter, hitting the consensus estimate of GBX 4.40 ($0.06).
The business also recently declared a dividend, which will be paid on Thursday, January 10th. Investors of record on Thursday, December 6th will be issued a dividend of GBX 1.90 ($0.02) per share. This represents a dividend yield of 1.02%. The ex-dividend date is Thursday, December 6th.
In other Londonmetric Property news, insider Rosalyn Wilton acquired 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were purchased at an average price of GBX 183 ($2.39) per share, with a total value of £91,500 ($119,560.96).
Londonmetric Property Company Profile
LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and adding value through asset management initiatives and short cycle developments. LondonMetric has 14 million sq ft under management.
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