LondonMetric Property (LON:LMP) Sets New 52-Week Low – What’s Next?

LondonMetric Property Plc (LON:LMP)’s share price reached a new 52-week low on Thursday . The stock traded as low as GBX 177.93 ($2.24) and last traded at GBX 178.07 ($2.24), with a volume of 69737445 shares trading hands. The stock had previously closed at GBX 181.30 ($2.28).

Wall Street Analyst Weigh In

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

LondonMetric Property Stock Performance

The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.81 and a current ratio of 0.68. The firm’s fifty day moving average price is GBX 191.46 and its 200 day moving average price is GBX 197.49. The firm has a market cap of £3.64 billion, a P/E ratio of 1,621.82, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90.

LondonMetric Property Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, December 5th will be issued a dividend of GBX 2.85 ($0.04) per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 1.5%. LondonMetric Property’s dividend payout ratio is currently 10,000.00%.

Insider Buying and Selling at LondonMetric Property

In other news, insider Martin McGann sold 500,000 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of GBX 204 ($2.56), for a total value of £1,020,000 ($1,281,890.16). Insiders own 6.29% of the company’s stock.

LondonMetric Property Company Profile

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.