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LSL Property Services (LON:LSL) Shares Pass Above 200-Day Moving Average - Here's What Happened

LSL Property Services logo with Real Estate background

Shares of LSL Property Services plc (LON:LSL - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 279.23 ($3.79) and traded as high as GBX 309 ($4.19). LSL Property Services shares last traded at GBX 296 ($4.02), with a volume of 34,055 shares traded.

LSL Property Services Stock Performance

The firm has a market capitalization of £304.58 million, a P/E ratio of 28.60, a P/E/G ratio of 1.49 and a beta of 1.09. The company has a debt-to-equity ratio of 62.42, a current ratio of 1.30 and a quick ratio of 1.06. The firm has a 50-day moving average price of GBX 281.83 and a two-hundred day moving average price of GBX 279.23.

LSL Property Services (LON:LSL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported GBX 21.10 ($0.29) EPS for the quarter. LSL Property Services had a net margin of 6.74% and a return on equity of 13.68%. On average, analysts forecast that LSL Property Services plc will post 24.137931 EPS for the current fiscal year.

LSL Property Services Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, May 8th will be issued a GBX 7.40 ($0.10) dividend. This is an increase from LSL Property Services's previous dividend of $4.00. This represents a dividend yield of 2.79%. The ex-dividend date is Thursday, May 8th. LSL Property Services's payout ratio is presently 106.30%.

Insider Buying and Selling

In related news, insider Adam Castleton bought 14,195 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were acquired at an average price of GBX 272 ($3.69) per share, with a total value of £38,610.40 ($52,388.60). Also, insider Adrian Collins purchased 20,000 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of GBX 276 ($3.74) per share, for a total transaction of £55,200 ($74,898.24). Insiders acquired a total of 34,254 shares of company stock valued at $9,396,085 over the last three months. 15.29% of the stock is owned by company insiders.

About LSL Property Services

(Get Free Report)

LSL Property Services plc, together with its subsidiaries, engages in the provision of business-to-business services to mortgage intermediaries and estate agency franchisees, and valuation services to lenders in the United Kingdom. The company operates through three segments: Financial Services, Surveying & Valuation, and Estate Agency Franchising.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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