LondonMetric Property (LON:LMP) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of LondonMetric Property Plc (LON:LMP) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 193.29 ($2.39) and traded as low as GBX 186.50 ($2.30). LondonMetric Property shares last traded at GBX 188.40 ($2.33), with a volume of 2,741,470 shares changing hands.

LondonMetric Property Stock Up 0.1 %

The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.81 and a current ratio of 0.68. The company has a market cap of £3.85 billion, a P/E ratio of 1,714.55, a P/E/G ratio of 3.27 and a beta of 0.90. The stock has a 50 day moving average price of GBX 181.80 and a 200 day moving average price of GBX 193.29.

LondonMetric Property (LON:LMP) last released its earnings results on Tuesday, November 26th. The company reported GBX 6.60 ($0.08) earnings per share (EPS) for the quarter. LondonMetric Property had a return on equity of 4.02% and a net margin of 66.68%. Research analysts expect that LondonMetric Property Plc will post 13.7260274 earnings per share for the current fiscal year.

LondonMetric Property Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 5th were given a dividend of GBX 2.85 ($0.04) per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 1.5%. LondonMetric Property’s dividend payout ratio (DPR) is presently 10,000.00%.

About LondonMetric Property

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.