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

Land Securities Group Plc (LON:LAND) hit a new 52-week low on Wednesday . The stock traded as low as GBX 555.50 ($6.84) and last traded at GBX 564.50 ($6.95), with a volume of 9608380 shares. The stock had previously closed at GBX 572.50 ($7.04).

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LAND. Jefferies Financial Group reissued a “hold” rating and issued a GBX 550 ($6.77) price target on shares of Land Securities Group in a report on Tuesday, December 17th. Berenberg Bank dropped their price target on Land Securities Group from GBX 755 ($9.29) to GBX 746 ($9.18) and set a “buy” rating for the company in a research report on Wednesday, December 4th. Finally, Shore Capital restated a “hold” rating on shares of Land Securities Group in a report on Tuesday, December 17th.

Land Securities Group Trading Down 2.0 %

The business’s 50-day simple moving average is GBX 588.24 and its two-hundred day simple moving average is GBX 620.18. The company has a debt-to-equity ratio of 58.63, a current ratio of 0.42 and a quick ratio of 0.54. The stock has a market capitalization of £4.02 billion, a price-to-earnings ratio of -1,254.65, a PEG ratio of 12.39 and a beta of 1.44.

Land Securities Group Increases Dividend

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

About Land Securities Group

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.