Land Securities Group (LON:LAND) Reaches New 1-Year Low – Time to Sell?

Land Securities Group Plc (LON:LAND) hit a new 52-week low on Tuesday . The company traded as low as GBX 531.83 ($6.51) and last traded at GBX 533.50 ($6.53), with a volume of 3748295 shares trading hands. The stock had previously closed at GBX 540.50 ($6.62).

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Shore Capital reaffirmed a “hold” rating on shares of Land Securities Group in a research report on Tuesday, December 17th. Jefferies Financial Group restated a “hold” rating and issued a GBX 550 ($6.73) price target on shares of Land Securities Group in a research note on Tuesday, December 17th. Finally, Berenberg Bank reduced their price objective on shares of Land Securities Group from GBX 755 ($9.24) to GBX 746 ($9.13) and set a “buy” rating on the stock in a research note on Wednesday, December 4th.

Land Securities Group Price Performance

The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 58.63. The company has a 50 day simple moving average of GBX 583.22 and a 200-day simple moving average of GBX 618.24. The stock has a market cap of £4.17 billion, a price-to-earnings ratio of -1,300.46, a PEG ratio of 12.39 and a beta of 1.44.

Land Securities Group Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, November 28th were given a dividend of GBX 9.40 ($0.12) per share. This is a positive change from Land Securities Group’s previous dividend of $9.20. This represents a dividend yield of 1.62%. The ex-dividend date was Thursday, November 28th. Land Securities Group’s dividend payout ratio is currently -9,302.33%.

Land Securities Group Company Profile

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.