LondonMetric Property Plc (LON:LMP) Announces Dividend of GBX 2.85

LondonMetric Property Plc (LON:LMPGet Free Report) declared a dividend on Tuesday, November 26th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 2.85 ($0.04) per share on Monday, January 13th. This represents a yield of 1.5%. The ex-dividend date is Thursday, December 5th. The official announcement can be viewed at this link.

LondonMetric Property Stock Performance

LMP opened at GBX 193.10 ($2.43) on Wednesday. LondonMetric Property has a twelve month low of GBX 178 ($2.24) and a twelve month high of GBX 210.80 ($2.65). The stock has a market cap of £3.94 billion, a PE ratio of 1,727.27, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The business’s 50 day moving average is GBX 197.99 and its 200-day moving average is GBX 199.77. The company has a current ratio of 0.68, a quick ratio of 0.81 and a debt-to-equity ratio of 59.04.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup upgraded LondonMetric Property to a “buy” rating and set a GBX 251 ($3.16) price target for the company in a research report on Wednesday, July 31st. Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a research report on Tuesday, September 24th.

Read Our Latest Research Report on LMP

Insider Transactions at LondonMetric Property

In related news, insider Martin McGann sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of GBX 204 ($2.56), for a total transaction of £1,020,000 ($1,282,212.45). Company insiders own 6.29% of the company’s stock.

About LondonMetric Property

(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.

See Also

Dividend History for LondonMetric Property (LON:LMP)

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