LondonMetric Property Plc (LON:LMP – Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 194.44 ($2.49) and traded as high as GBX 202.04 ($2.59). LondonMetric Property shares last traded at GBX 201.80 ($2.58), with a volume of 3,646,594 shares.
Analyst Upgrades and Downgrades
Separately, Shore Capital reissued a “buy” rating on shares of LondonMetric Property in a report on Thursday, May 30th.
Check Out Our Latest Analysis on LondonMetric Property
LondonMetric Property Stock Performance
The company has a market cap of £4.12 billion, a PE ratio of -1,062.11, a PEG ratio of 3.27 and a beta of 0.86. The business’s 50-day moving average is GBX 199.82 and its 200 day moving average is GBX 194.44. The company has a debt-to-equity ratio of 43.79, a quick ratio of 0.81 and a current ratio of 0.47.
LondonMetric Property Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, July 22nd. Shareholders of record on Thursday, June 13th will be issued a GBX 3 ($0.04) dividend. This represents a yield of 1.44%. The ex-dividend date of this dividend is Thursday, June 13th. This is a positive change from LondonMetric Property’s previous dividend of $2.40. LondonMetric Property’s dividend payout ratio (DPR) is -5,263.16%.
Insiders Place Their Bets
In other LondonMetric Property news, insider Andrew Jones sold 239,863 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of GBX 195 ($2.50), for a total value of £467,732.85 ($599,119.83). Insiders own 6.11% of the company’s stock.
About LondonMetric Property
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.
Further Reading
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