LondonMetric Property Plc (LON:LMP – Get Free Report) announced a dividend on Tuesday, November 26th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, December 5th will be given a dividend of GBX 2.85 ($0.04) per share on Monday, January 13th. This represents a yield of 1.5%. The ex-dividend date is Thursday, December 5th. The official announcement can be viewed at this link.
LondonMetric Property Stock Performance
LondonMetric Property stock opened at GBX 194.30 ($2.46) on Thursday. LondonMetric Property has a 12-month low of GBX 178 ($2.26) and a 12-month high of GBX 210.80 ($2.67). The company has a market capitalization of £3.96 billion, a price-to-earnings ratio of 1,766.36, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The company has a debt-to-equity ratio of 59.04, a current ratio of 0.68 and a quick ratio of 0.81. The firm’s fifty day moving average price is GBX 197.72 and its 200 day moving average price is GBX 199.71.
Analyst Ratings Changes
Several research firms have recently weighed in on LMP. Shore Capital reissued a “buy” rating on shares of LondonMetric Property in a research report on Tuesday, September 24th. Citigroup raised shares of LondonMetric Property to a “buy” rating and set a GBX 251 ($3.18) target price for the company in a research report on Wednesday, July 31st.
Insider Buying and Selling at LondonMetric Property
In other LondonMetric Property news, insider Martin McGann sold 500,000 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of GBX 204 ($2.59), for a total transaction of £1,020,000 ($1,293,103.45). 6.29% of the stock is currently owned by company 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.
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