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

LondonMetric Property Plc (LON:LMP) announced a dividend on Wednesday, August 21st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 29th will be paid a dividend of GBX 2.85 ($0.04) per share on Tuesday, October 8th. This represents a dividend yield of 1.41%. The ex-dividend date is Thursday, August 29th. The official announcement can be accessed at this link.

LondonMetric Property Stock Performance

LMP stock traded down GBX 1.15 ($0.02) during trading on Wednesday, hitting GBX 206.45 ($2.72). The company had a trading volume of 3,430,835 shares, compared to its average volume of 5,803,003. LondonMetric Property has a 1-year low of GBX 152.30 ($2.01) and a 1-year high of GBX 210.80 ($2.78). The firm has a 50-day moving average price of GBX 198.65 and a 200-day moving average price of GBX 197.45. The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 59.04. The firm has a market cap of £4.21 billion, a PE ratio of 1,887.27, a price-to-earnings-growth ratio of 3.27 and a beta of 0.89.

Insider Activity

In other LondonMetric Property news, insider Andrew Jones sold 239,863 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of GBX 195 ($2.57), for a total transaction of £467,732.85 ($616,817.68). Insiders own 6.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Shore Capital restated a “buy” rating on shares of LondonMetric Property in a research note on Thursday, May 30th. Citigroup upgraded shares of LondonMetric Property to a “buy” rating and set a GBX 251 ($3.31) price objective for the company in a research report on Wednesday, July 31st.

About LondonMetric Property

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.