LondonMetric Property - LMP Share Forecast, Price & News

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 16 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LMP shares. Shore Capital reissued a "buy" rating on shares of LondonMetric Property in a research report on Tuesday, June 28th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 280 ($3.38) target price on shares of LondonMetric Property in a research report on Thursday, May 5th. Royal Bank of Canada restated an "outperform" rating and set a GBX 305 ($3.69) price target on shares of LondonMetric Property in a research note on Friday, May 13th. Barclays dropped their target price on shares of LondonMetric Property from GBX 320 ($3.87) to GBX 280 ($3.38) and set an "overweight" rating for the company in a research report on Monday, July 4th. Finally, Morgan Stanley reissued an "overweight" rating on shares of LondonMetric Property in a research note on Wednesday, May 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 299.67 ($3.62).

LondonMetric Property Stock Down 2.3 %

Shares of LON:LMP traded down GBX 5.60 ($0.07) on Friday, hitting GBX 237.60 ($2.87). The company had a trading volume of 201,747 shares, compared to its average volume of 2,469,432. The firm has a market capitalization of £2.33 billion and a P/E ratio of 308.46. LondonMetric Property has a 12-month low of GBX 224.60 ($2.71) and a 12-month high of GBX 287.20 ($3.47). The company has a quick ratio of 0.98, a current ratio of 1.46 and a debt-to-equity ratio of 39.93. The business has a 50 day moving average of GBX 239.43 and a two-hundred day moving average of GBX 253.72.

LondonMetric Property Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 13th. Investors of record on Thursday, June 9th were issued a GBX 2.65 ($0.03) dividend. The ex-dividend date was Thursday, June 9th. This represents a yield of 1.07%. This is an increase from LondonMetric Property's previous dividend of $2.20. LondonMetric Property's dividend payout ratio is currently 11.47%.

Insider Activity at LondonMetric Property

In related news, insider Andrew Jones sold 281,030 shares of the stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of GBX 236 ($2.85), for a total value of £663,230.80 ($801,390.53). In other news, insider Alistair Elliott acquired 50,000 shares of the business's stock in a transaction on Thursday, June 16th. The shares were purchased at an average price of GBX 236 ($2.85) per share, for a total transaction of £118,000 ($142,580.96). Also, insider Andrew Jones sold 281,030 shares of the company's stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of GBX 236 ($2.85), for a total value of £663,230.80 ($801,390.53).