LondonMetric Property (LON:LMP) Sets New 12-Month High at $205.20

Shares of LondonMetric Property Plc (LON:LMPGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 205.20 ($2.58) and last traded at GBX 203.20 ($2.55), with a volume of 189277 shares trading hands. The stock had previously closed at GBX 203.20 ($2.55).

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Berenberg Bank raised LondonMetric Property to a “buy” rating and upped their price objective for the company from GBX 176 ($2.21) to GBX 229 ($2.87) in a research report on Wednesday, March 6th. Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a research note on Wednesday, March 6th.

View Our Latest Stock Analysis on LondonMetric Property

LondonMetric Property Stock Performance

The firm has a market capitalization of £4.09 billion, a PE ratio of -1,073.68, a price-to-earnings-growth ratio of 3.27 and a beta of 0.84. The company has a current ratio of 0.47, a quick ratio of 0.81 and a debt-to-equity ratio of 43.79. The business’s 50 day simple moving average is GBX 191.10 and its two-hundred day simple moving average is GBX 183.89.

LondonMetric Property Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, April 8th. Shareholders of record on Thursday, February 29th will be paid a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a yield of 1.28%. LondonMetric Property’s dividend payout ratio is presently -5,263.16%.

Insider Buying and Selling at LondonMetric Property

In related news, insider Katerina Patmore bought 10,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was acquired at an average cost of GBX 192 ($2.41) per share, for a total transaction of £19,200 ($24,102.44). Company insiders own 5.14% of the company’s stock.

LondonMetric Property Company Profile

(Get Free Report)

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a grocery-led long income portfolio, with 17 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.

Further Reading

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