LondonMetric Property Plc (LMP) to Issue Dividend of GBX 2.60 on July 12th

LondonMetric Property Plc (LON:LMP – Get Rating) declared a dividend on Wednesday, May 24th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 1st will be given a dividend of GBX 2.60 ($0.03) per share on Wednesday, July 12th. This represents a yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 1st. This is a boost from LondonMetric Property’s previous dividend of $2.30. The official announcement can be seen at this link.

LondonMetric Property Stock Down 0.5 %

LMP stock opened at GBX 173.10 ($2.15) on Friday. The stock has a market capitalization of £1.70 billion, a P/E ratio of 669.23, a price-to-earnings-growth ratio of 3.55 and a beta of 0.79. The company has a current ratio of 2.01, a quick ratio of 0.81 and a debt-to-equity ratio of 52.02. The firm has a 50-day moving average price of GBX 181.64 and a 200-day moving average price of GBX 183.57. LondonMetric Property has a 12 month low of GBX 157.76 ($1.96) and a 12 month high of GBX 265 ($3.30).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of LondonMetric Property in a research report on Monday, March 6th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 214 ($2.66).

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.