LondonMetric Property (LON:LMP) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

LondonMetric Property Plc (LON:LMP)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 195.96 ($2.43) and traded as low as GBX 178.20 ($2.21). LondonMetric Property shares last traded at GBX 178.90 ($2.22), with a volume of 2,529,639 shares trading hands.

Analysts Set New Price Targets

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

LondonMetric Property Stock Down 0.5 %

The business has a 50 day simple moving average of GBX 186.83 and a 200 day simple moving average of GBX 195.96. The company has a market capitalization of £3.65 billion, a price-to-earnings ratio of 1,626.36, a PEG ratio of 3.27 and a beta of 0.90. The company has a debt-to-equity ratio of 59.04, a current ratio of 0.68 and a quick ratio of 0.81.

LondonMetric Property Dividend Announcement

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

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.