Jones Lang LaSalle Inc (NYSE:JLL) declared a quarterly dividend on Tuesday, November 5th, RTT News reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.43 per share by the financial services provider on Friday, December 13th. This represents a $1.72 dividend on an annualized basis and a yield of 1.09%. This is a positive change from Jones Lang LaSalle’s previous quarterly dividend of $0.41.
Shares of Jones Lang LaSalle stock opened at $157.85 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.95 and a quick ratio of 1.95. Jones Lang LaSalle has a one year low of $119.79 and a one year high of $173.32. The stock has a market capitalization of $7.78 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 1.38 and a beta of 1.74. The business’s 50 day simple moving average is $141.48 and its two-hundred day simple moving average is $139.37.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $3.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.73 by $0.79. Jones Lang LaSalle had a return on equity of 15.79% and a net margin of 2.76%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the company posted $3.02 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. Sell-side analysts expect that Jones Lang LaSalle will post 12.12 earnings per share for the current fiscal year.
JLL has been the topic of several research reports. Barclays set a $179.00 price target on Jones Lang LaSalle and gave the company a “buy” rating in a research report on Friday, October 11th. UBS Group lifted their price target on Jones Lang LaSalle from $175.00 to $178.00 and gave the company a “buy” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. initiated coverage on Jones Lang LaSalle in a research report on Wednesday, July 17th. They set an “overweight” rating and a $140.23 price target on the stock. DA Davidson initiated coverage on Jones Lang LaSalle in a research report on Thursday, July 11th. They set a “buy” rating on the stock. Finally, Compass Point initiated coverage on Jones Lang LaSalle in a research report on Wednesday, July 10th. They set a “buy” rating and a $180.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $173.69.
Jones Lang LaSalle announced that its board has authorized a stock buyback plan on Tuesday, November 5th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
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