LondonMetric Property (LON:LMP) Stock Price Passes Above 200-Day Moving Average of $193.76
LondonMetric Property Plc (LON:LMP – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 193.76 ($2.47) and traded as high as GBX 202.40 ($2.58). LondonMetric Property shares last traded at GBX 196.80 ($2.51), with a volume of 4,201,953 shares traded.
Analyst Upgrades and Downgrades
LMP has been the topic of a number of analyst reports. Berenberg Bank raised shares of LondonMetric Property to a “buy” rating and upped their target price for the company from GBX 176 ($2.24) to GBX 229 ($2.92) in a research note on Wednesday, March 6th. Shore Capital reissued a “buy” rating on shares of LondonMetric Property in a report on Thursday, May 30th.
View Our Latest Stock Analysis on LMP
LondonMetric Property Stock Up 0.1 %
The firm has a market cap of £4.02 billion, a price-to-earnings ratio of -1,035.79, a PEG ratio of 3.27 and a beta of 0.86. The business’s 50-day moving average is GBX 200.81 and its 200-day moving average is GBX 193.76. The company has a debt-to-equity ratio of 43.79, a quick ratio of 0.81 and a current ratio of 0.47.
LondonMetric Property Increases Dividend
The company also recently announced a dividend, which will be paid on Monday, July 22nd. Stockholders of record on Thursday, June 13th will be paid a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a dividend yield of 1.44%. This is a boost from LondonMetric Property’s previous dividend of $2.40. LondonMetric Property’s payout ratio is -5,263.16%.
Insider Buying and Selling
In other LondonMetric Property news, insider Katerina Patmore acquired 10,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was purchased at an average price of GBX 192 ($2.44) per share, for a total transaction of £19,200 ($24,449.26). 6.11% of the stock is owned by corporate insiders.
LondonMetric Property Company Profile
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.
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