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

LondonMetric Property Plc (LON:LMP) announced a dividend on Tuesday, November 26th,Upcoming Dividends.Co.Uk reports. Investors 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 seen at this link.

LondonMetric Property Stock Up 0.5 %

Shares of LON:LMP traded up GBX 0.90 ($0.01) during midday trading on Tuesday, reaching GBX 191.80 ($2.43). The company had a trading volume of 13,967,333 shares, compared to its average volume of 6,851,964. LondonMetric Property has a 1-year low of GBX 178 ($2.25) and a 1-year high of GBX 210.80 ($2.67). The stock has a market cap of £3.91 billion, a PE ratio of 1,735.45, a P/E/G ratio of 3.27 and a beta of 0.90. The business’s 50 day moving average price is GBX 196.94 and its 200 day moving average price is GBX 199.50. The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 59.04.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of LondonMetric Property in a research report on Tuesday, September 24th.

Insiders Place Their Bets

In related news, insider Martin McGann sold 500,000 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of GBX 204 ($2.58), for a total value of £1,020,000 ($1,290,975.83). 6.29% of the stock is owned by insiders.

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.