LondonMetric Property Plc (LON:LMP – Get Free Report) declared a dividend on Tuesday, November 26th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 2.85 ($0.04) per share on Monday, January 13th. This represents a yield of 1.5%. The ex-dividend date is Thursday, December 5th. The official announcement can be accessed at this link.
LondonMetric Property Stock Performance
LON LMP opened at GBX 190.14 ($2.39) on Tuesday. LondonMetric Property has a 52-week low of GBX 178 ($2.24) and a 52-week high of GBX 210.80 ($2.65). The company has a fifty day moving average of GBX 198.37 and a 200-day moving average of GBX 199.87. The company has a market capitalization of £3.88 billion, a P/E ratio of 1,731.82, a P/E/G ratio of 3.27 and a beta of 0.90. The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.81 and a current ratio of 0.68.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on LMP shares. Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a research report on Tuesday, September 24th. Citigroup raised shares of LondonMetric Property to a “buy” rating and set a GBX 251 ($3.15) price target on the stock in a research note on Wednesday, July 31st.
Insiders Place Their Bets
In related news, insider Martin McGann sold 500,000 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of GBX 204 ($2.56), for a total transaction of £1,020,000 ($1,281,085.15). Company insiders own 6.29% of the company’s stock.
LondonMetric Property Company Profile
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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