Peel Hunt reiterated their hold rating on shares of Land Securities Group (LON:LAND) in a research note issued to investors on Tuesday morning, Stock Target Advisor reports.
Other research analysts also recently issued reports about the stock. Goldman Sachs Group raised their price objective on shares of Land Securities Group from GBX 761 ($9.94) to GBX 784 ($10.24) and gave the stock a neutral rating in a report on Tuesday, November 5th. Citigroup reaffirmed a sell rating and issued a GBX 739 ($9.66) price objective on shares of Land Securities Group in a report on Thursday, November 7th. Morgan Stanley cut their price objective on shares of Land Securities Group from GBX 950 ($12.41) to GBX 840 ($10.98) and set an equal weight rating for the company in a report on Monday, September 2nd. Liberum Capital reaffirmed a hold rating and issued a GBX 950 ($12.41) price objective on shares of Land Securities Group in a report on Tuesday. Finally, UBS Group reaffirmed a buy rating on shares of Land Securities Group in a report on Tuesday. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 914 ($11.94).
Shares of Land Securities Group stock traded up GBX 13.80 ($0.18) on Tuesday, reaching GBX 913.80 ($11.94). 2,261,922 shares of the company traded hands, compared to its average volume of 2,210,000. Land Securities Group has a 52 week low of GBX 473.27 ($6.18) and a 52 week high of GBX 983.20 ($12.85). The company has a 50 day moving average of GBX 899.44 and a 200 day moving average of GBX 851.31. The firm has a market capitalization of $6.68 billion and a PE ratio of -21.97. The company has a debt-to-equity ratio of 39.62, a current ratio of 0.41 and a quick ratio of 0.35.
The firm also recently disclosed a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, November 28th will be issued a GBX 11.60 ($0.15) dividend. This represents a yield of 1.3%. The ex-dividend date is Thursday, November 28th. Land Securities Group’s dividend payout ratio (DPR) is presently -1.11%.
In other Land Securities Group news, insider Robert Noel sold 15,616 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of GBX 749 ($9.79), for a total value of £116,963.84 ($152,833.97).
Land Securities Group Company Profile
At Landsec, we believe great places are for people to experience and are made with the experience of great people. Across 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country. In London, our portfolio totals more than £7.8 billion, and consists of 6.4 million sq ft of real estate.
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