Peel Hunt restated their add rating on shares of Londonmetric Property (LON:LMP) in a report issued on Monday, ThisIsMoney.Co.Uk reports.
A number of other research firms have also commented on LMP. Royal Bank of Canada reaffirmed a sector performer rating on shares of Londonmetric Property in a research report on Monday, June 24th. Liberum Capital reaffirmed a hold rating on shares of Londonmetric Property in a research report on Thursday, May 23rd. Finally, Barclays raised their price target on shares of Londonmetric Property from GBX 195 ($2.55) to GBX 210 ($2.74) and gave the stock an overweight rating in a research report on Tuesday, June 4th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Londonmetric Property presently has a consensus rating of Hold and an average price target of GBX 207 ($2.70).
LON:LMP opened at GBX 204.60 ($2.67) on Monday. Londonmetric Property has a 52 week low of GBX 171.50 ($2.24) and a 52 week high of GBX 216.40 ($2.83). The firm has a market cap of $1.72 billion and a price-to-earnings ratio of 11.96. The firm’s 50-day simple moving average is GBX 205.40 and its 200 day simple moving average is GBX 200.65. The company has a debt-to-equity ratio of 46.06, a quick ratio of 0.70 and a current ratio of 0.73.
The company also recently disclosed a dividend, which will be paid on Monday, October 7th. Shareholders of record on Thursday, August 29th will be paid a dividend of GBX 2 ($0.03) per share. The ex-dividend date is Thursday, August 29th. This represents a yield of 0.99%. Londonmetric Property’s payout ratio is 0.47%.
In other Londonmetric Property news, insider Martin McGann sold 21,723 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of GBX 209 ($2.73), for a total transaction of £45,401.07 ($59,324.54). Also, insider Patrick Vaughan sold 78,334 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of GBX 206 ($2.69), for a total transaction of £161,368.04 ($210,855.93). Insiders have sold 284,257 shares of company stock worth $58,806,311 over the last quarter.
About Londonmetric Property
LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and enhancing capital values. LondonMetric has 13 million sq ft under management.
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