Land Securities Group plc (OTCMKTS:LDSCY) Sees Significant Decrease in Short Interest

Land Securities Group plc (OTCMKTS:LDSCY) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 1,000 shares, a decrease of 23.1% from the August 15th total of 1,300 shares. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is currently 0.2 days.

Shares of LDSCY stock opened at $9.72 on Wednesday. The firm has a 50-day moving average of $9.95 and a 200-day moving average of $10.09. Land Securities Group has a one year low of $6.14 and a one year high of $13.00.

The company also recently announced a dividend, which will be paid on Monday, October 25th. Stockholders of record on Friday, August 27th will be issued a $0.4666 dividend. The ex-dividend date of this dividend is Thursday, August 26th. This represents a dividend yield of 4.56%. This is an increase from Land Securities Group’s previous dividend of $0.25.

LDSCY has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised shares of Land Securities Group from a “neutral” rating to an “overweight” rating in a research note on Tuesday, June 22nd. Barclays reaffirmed an “overweight” rating on shares of Land Securities Group in a research note on Tuesday, May 25th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Land Securities Group in a research note on Friday, July 16th. Finally, Jefferies Financial Group lowered shares of Land Securities Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Land Securities Group has a consensus rating of “Buy”.

Land Securities Group Company Profile

Land Securities Group Plc is a real estate investment trust. The firm engages in owning, developing and managing offices, shopping centers, and retail parks. It operates through the Central London, Regional Retail, Urban Opportunities, and Subscale Sectors segments. The Central London segment includes all assets geographically located within central London.

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