Land Securities Group (LAND) Trading 0% Higher

Land Securities Group plc (LON:LAND) shares shot up 0% during mid-day trading on Monday . The stock traded as high as GBX 1,003.40 ($13.61) and last traded at GBX 998.70 ($13.54). 2,668,450 shares were traded during trading, a decline of 11% from the average session volume of 2,990,000 shares. The stock had previously closed at GBX 998.70 ($13.54).

Several brokerages recently issued reports on LAND. Liberum Capital raised Land Securities Group to a “buy” rating and raised their target price for the stock from GBX 1,050 ($14.24) to GBX 1,125 ($15.26) in a research report on Monday. Numis Securities reaffirmed a “hold” rating and set a GBX 1,077 ($14.61) target price on shares of Land Securities Group in a research report on Monday, September 18th. Credit Suisse Group lowered Land Securities Group to a “neutral” rating and lowered their target price for the stock from GBX 1,140.74 ($15.47) to GBX 1,035 ($14.04) in a research report on Wednesday, December 6th. Deutsche Bank raised their target price on Land Securities Group from GBX 1,000 ($13.56) to GBX 1,050 ($14.24) and gave the stock a “hold” rating in a research report on Monday, September 11th. Finally, Beaufort Securities reissued a “long term buy” rating and issued a GBX 1,150 ($15.60) price objective on shares of Land Securities Group in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,093.15 ($14.82).

The stock has a market capitalization of $7,400.00 and a P/E ratio of 4,161.25.

Land Securities Group (LON:LAND) last released its quarterly earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 26.60 ($0.36) by GBX (0.90) (($0.01)). The company had revenue of £366 million for the quarter. Land Securities Group had a negative net margin of 8.59% and a negative return on equity of 0.61%.

The business also recently declared a dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, November 30th were paid a dividend of GBX 9.85 ($0.13) per share. The ex-dividend date was Thursday, November 30th. This represents a yield of 1.07%.

In related news, insider Martin F. Greenslade purchased 8,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was acquired at an average price of GBX 924 ($12.53) per share, for a total transaction of £73,920 ($100,244.10). Also, insider Robert Noel purchased 18,365 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of GBX 933 ($12.65) per share, with a total value of £171,345.45 ($232,364.32).

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About Land Securities Group

Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and the London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.

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