LondonMetric Property Plc (LON:LMP – Get Free Report) insider Andrew Jones sold 239,863 shares of LondonMetric Property stock in a transaction on Monday, June 17th. The shares were sold at an average price of GBX 195 ($2.48), for a total transaction of £467,732.85 ($594,323.82).
LondonMetric Property Stock Performance
LondonMetric Property stock opened at GBX 194.70 ($2.47) on Thursday. LondonMetric Property Plc has a 12-month low of GBX 152.30 ($1.94) and a 12-month high of GBX 210.80 ($2.68). The company has a market capitalization of £3.97 billion, a price-to-earnings ratio of -1,024.74, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. The company has a debt-to-equity ratio of 43.79, a current ratio of 0.47 and a quick ratio of 0.81. The firm’s fifty day moving average price is GBX 200.44 and its 200 day moving average price is GBX 194.23.
LondonMetric Property Increases Dividend
The business also recently declared a dividend, which will be paid on Monday, July 22nd. Stockholders of record on Thursday, June 13th will be given a dividend of GBX 3 ($0.04) per share. This is a boost from LondonMetric Property’s previous dividend of $2.40. The ex-dividend date of this dividend is Thursday, June 13th. This represents a dividend yield of 1.44%. LondonMetric Property’s dividend payout ratio (DPR) is presently -5,263.16%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Berenberg Bank upgraded shares of LondonMetric Property to a “buy” rating and lifted their target price for the company from GBX 176 ($2.24) to GBX 229 ($2.91) in a report on Wednesday, March 6th. Shore Capital restated a “buy” rating on shares of LondonMetric Property in a report on Thursday, May 30th.
View Our Latest Research Report on LondonMetric Property
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.
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