LondonMetric Property Plc (LON:LMP - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 207 ($2.60) and last traded at GBX 204 ($2.56), with a volume of 3261234 shares traded. The stock had previously closed at GBX 203.40 ($2.56).
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on LMP. Berenberg Bank raised LondonMetric Property to a "buy" rating and lifted their price target for the stock from GBX 176 ($2.21) to GBX 229 ($2.88) in a research note on Wednesday, March 6th. Shore Capital restated a "buy" rating on shares of LondonMetric Property in a report on Wednesday, March 6th.
View Our Latest Stock Analysis on LondonMetric Property
LondonMetric Property Stock Performance
The company has a debt-to-equity ratio of 43.79, a quick ratio of 0.81 and a current ratio of 0.47. The firm has a 50 day moving average of GBX 196.34 and a 200-day moving average of GBX 188.61. The stock has a market capitalization of £4.16 billion, a PE ratio of -1,073.68, a P/E/G ratio of 3.27 and a beta of 0.86.
LondonMetric Property Announces Dividend
The business also recently declared a dividend, which was paid on Monday, April 8th. Investors of record on Thursday, February 29th were issued a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 29th. LondonMetric Property's dividend payout ratio is currently -5,263.16%.
Insider Buying and Selling at LondonMetric Property
In other news, insider Katerina Patmore acquired 10,000 shares of LondonMetric Property stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average price of GBX 192 ($2.41) per share, with a total value of £19,200 ($24,120.60). Company insiders own 6.03% of the company's stock.
About LondonMetric Property
(
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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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