Land Securities Group (LON:LAND) Insider Sells £892,828.78 in Stock

Land Securities Group Plc (LON:LAND) insider Mark Allan sold 126,463 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total transaction of £892,828.78.

Mark Allan also recently made the following trade(s):

• On Tuesday, July 28th, Mark Allan sold 53,273 shares of Land Securities Group stock. The shares were sold at an average price of GBX 706, for a total value of £376,107.38.
• On Monday, July 6th, Mark Allan purchased 23 shares of Land Securities Group stock. The shares were bought at an average price of GBX 653 per share, for a total transaction of £150.19.
• On Thursday, June 4th, Mark Allan purchased 24 shares of Land Securities Group stock. The stock was bought at an average cost of GBX 624 per share, for a total transaction of £149.76.
• On Tuesday, May 19th, Mark Allan sold 42,500 shares of Land Securities Group stock. The shares were sold at an average price of GBX 597, for a total value of £253,725.
• On Tuesday, May 5th, Mark Allan acquired 25 shares of Land Securities Group stock. The shares were bought at an average cost of GBX 586 per share, with a total value of £146.50.

Land Securities Group Stock Down 0.6%

Shares of LAND stock traded down GBX 4.50 during trading hours on Wednesday, reaching GBX 702.50. 1,109,557 shares of the stock were exchanged, compared to its average volume of 32,253,043. The business’s fifty day moving average is GBX 652.43 and its two-hundred day moving average is GBX 626.04. The company has a debt-to-equity ratio of 68.76, a current ratio of 1.04 and a quick ratio of 0.54. Land Securities Group Plc has a 12-month low of GBX 522.50 and a 12-month high of GBX 710.50. The firm has a market capitalization of £5.23 billion, a P/E ratio of 15.31, a P/E/G ratio of 12.39 and a beta of 1.14.

Land Securities Group (LON:LAND) last issued its quarterly earnings results on Thursday, May 14th. The company reported GBX 51.40 earnings per share (EPS) for the quarter. Land Securities Group had a net margin of 38.45% and a return on equity of 5.29%. The company had revenue of £892 million during the quarter. As a group, research analysts expect that Land Securities Group Plc will post 49.8433829 EPS for the current fiscal year.

Analysts Set New Price Targets

LAND has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 730 price objective on shares of Land Securities Group in a research report on Friday, May 15th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 897 price target on shares of Land Securities Group in a report on Thursday, May 14th. UBS Group reaffirmed a “buy” rating and set a GBX 705 price objective on shares of Land Securities Group in a research report on Monday, May 11th. Citigroup cut their target price on Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Finally, Jefferies Financial Group restated an “underperform” rating and set a GBX 462 target price on shares of Land Securities Group in a research note on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 641.33.

Land Securities Group Company Profile

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.