LondonMetric Property Plc (LON:LMP) Declares Dividend of GBX 2.30

LondonMetric Property Plc (LON:LMPGet Rating) declared a dividend on Wednesday, November 23rd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 1st will be given a dividend of GBX 2.30 ($0.03) per share on Tuesday, January 10th. This represents a yield of 1.21%. The ex-dividend date is Thursday, December 1st. The official announcement can be viewed at this link.

LondonMetric Property Stock Down 2.3 %

LON:LMP opened at GBX 185.58 ($2.19) on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.46 and a debt-to-equity ratio of 39.93. The stock’s fifty day moving average is GBX 183.01 and its two-hundred day moving average is GBX 218.17. LondonMetric Property has a 52 week low of GBX 157.76 ($1.87) and a 52 week high of GBX 287.20 ($3.40). The stock has a market capitalization of £1.82 billion and a price-to-earnings ratio of 243.59.

Analysts Set New Price Targets

A number of research analysts have commented on LMP shares. Berenberg Bank cut LondonMetric Property to a “sell” rating and decreased their price target for the stock from GBX 280 ($3.31) to GBX 200 ($2.36) in a research note on Wednesday, August 31st. Barclays reduced their price objective on LondonMetric Property from GBX 280 ($3.31) to GBX 225 ($2.66) and set an “overweight” rating on the stock in a research note on Friday, September 23rd. JPMorgan Chase & Co. reduced their price objective on LondonMetric Property from GBX 235 ($2.78) to GBX 205 ($2.42) and set an “overweight” rating on the stock in a research note on Tuesday, November 1st. Finally, Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a research note on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LondonMetric Property presently has an average rating of “Moderate Buy” and a consensus price target of GBX 254.67 ($3.01).

Insider Activity at LondonMetric Property

In other LondonMetric Property news, insider Rosalyn Wilton bought 5,432 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The shares were purchased at an average price of GBX 183 ($2.16) per share, with a total value of £9,940.56 ($11,754.24). In other LondonMetric Property news, insider Rosalyn Wilton bought 5,432 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The shares were purchased at an average price of GBX 183 ($2.16) per share, with a total value of £9,940.56 ($11,754.24). Also, insider James Fitzroy Dean bought 75,000 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The stock was acquired at an average cost of GBX 170 ($2.01) per share, for a total transaction of £127,500 ($150,762.68).

About LondonMetric Property

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LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 16 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.

See Also

Dividend History for LondonMetric Property (LON:LMP)

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