Land Securities Group (LON:LAND) Reaches New 52-Week Low – Here’s What Happened

Shares of Land Securities Group Plc (LON:LAND) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 531.83 ($6.51) and last traded at GBX 533.50 ($6.53), with a volume of 3748295 shares trading hands. The stock had previously closed at GBX 540.50 ($6.61).

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Shore Capital reissued a “hold” rating on shares of Land Securities Group in a research note on Tuesday, December 17th. Jefferies Financial Group reissued a “hold” rating and set a GBX 550 ($6.73) price objective on shares of Land Securities Group in a research report on Tuesday, December 17th. Finally, Berenberg Bank decreased their target price on shares of Land Securities Group from GBX 755 ($9.24) to GBX 746 ($9.13) and set a “buy” rating for the company in a research report on Wednesday, December 4th.

Land Securities Group Stock Performance

The company has a debt-to-equity ratio of 58.63, a current ratio of 0.42 and a quick ratio of 0.54. The firm has a market capitalization of £4.02 billion, a P/E ratio of -1,253.49, a P/E/G ratio of 12.39 and a beta of 1.44. The stock’s 50 day moving average is GBX 584.94 and its two-hundred day moving average is GBX 618.84.

Land Securities Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, November 28th were given a GBX 9.40 ($0.12) dividend. This is a boost from Land Securities Group’s previous dividend of $9.20. This represents a yield of 1.62%. The ex-dividend date of this dividend was Thursday, November 28th. Land Securities Group’s payout ratio is currently -9,302.33%.

About Land Securities Group

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.