Insider Selling: Land Securities Group Plc (LON:LAND) Insider Sells 154,631 Shares of Stock

Key Points

• Mark Allan, an insider at Land Securities Group Plc, sold 154,631 shares at an average price of GBX 590, totaling approximately £912,322.90.
• The company's stock saw a 1.4% decline, trading at GBX 582.50, while it has a market capitalization of £4.31 billion.
• Land Securities Group reported a negative net margin of 38.71% and an average earnings per share projection of 49.84 for the current fiscal year.

Land Securities Group Plc (LON:LAND - Get Free Report) insider Mark Allan sold 154,631 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of GBX 590 ($7.83), for a total value of £912,322.90 ($1,210,940.93).

Mark Allan also recently made the following trade(s):

• On Friday, July 4th, Mark Allan purchased 25 shares of Land Securities Group stock. The stock was bought at an average price of GBX 597 ($7.92) per share, with a total value of £149.25 ($198.10).
• On Wednesday, June 4th, Mark Allan purchased 24 shares of Land Securities Group stock. The stock was bought at an average price of GBX 626 ($8.31) per share, with a total value of £150.24 ($199.42).

Land Securities Group Price Performance

LON LAND traded down GBX 4 ($0.05) on Friday, hitting GBX 573.50 ($7.61). 1,401,739 shares of the company's stock were exchanged, compared to its average volume of 9,684,740. The stock has a 50-day moving average of GBX 606.97 and a 200-day moving average of GBX 582.50. The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 59.04. Land Securities Group Plc has a 52 week low of GBX 490.20 ($6.51) and a 52 week high of GBX 682 ($9.05). The stock has a market cap of £4.25 billion, a price-to-earnings ratio of -13.30, a P/E/G ratio of 12.39 and a beta of 1.44.

Land Securities Group (LON:LAND - Get Free Report) last released its earnings results on Friday, May 16th. The company reported GBX 50.30 ($0.67) earnings per share for the quarter. Land Securities Group had a negative return on equity of 4.88% and a negative net margin of 38.71%. Analysts expect that Land Securities Group Plc will post 49.8433829 earnings per share for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a GBX 710 ($9.42) price target on shares of Land Securities Group in a research note on Friday, July 11th.

About Land Securities Group

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.