LondonMetric Property (LON:LMP) Sets New 1-Year High at $207.00

Shares of LondonMetric Property Plc (LON:LMP) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 207 ($2.60) and last traded at GBX 204 ($2.56), with a volume of 3261234 shares. The stock had previously closed at GBX 203.40 ($2.56).

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Berenberg Bank raised LondonMetric Property to a “buy” rating and lifted their price target for the company from GBX 176 ($2.21) to GBX 229 ($2.88) in a report on Wednesday, March 6th. Shore Capital reaffirmed a “buy” rating on shares of LondonMetric Property in a research note on Wednesday, March 6th.

LondonMetric Property Stock Down 0.6 %

The company has a quick ratio of 0.81, a current ratio of 0.47 and a debt-to-equity ratio of 43.79. The firm has a market cap of £4.14 billion, a P/E ratio of -1,073.68, a P/E/G ratio of 3.27 and a beta of 0.86. The business has a fifty day moving average of GBX 195.90 and a 200 day moving average of GBX 188.50.

LondonMetric Property Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, April 8th. Stockholders of record on Thursday, February 29th were paid a GBX 2.40 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a dividend yield of 1.28%. LondonMetric Property’s dividend payout ratio (DPR) is presently -5,263.16%.

Insider Buying and Selling

In other news, insider Katerina Patmore bought 10,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of GBX 192 ($2.41) per share, for a total transaction of £19,200 ($24,120.60). 6.03% of the stock is owned by insiders.

About LondonMetric Property

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a grocery-led long income portfolio, with 17 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.