Land Securities Group (LON:LAND) Stock Crosses Above Two Hundred Day Moving Average of $633.82

Shares of Land Securities Group Plc (LON:LAND) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 633.82 ($8.01) and traded as high as GBX 659.40 ($8.33). Land Securities Group shares last traded at GBX 657.80 ($8.31), with a volume of 704,683 shares.

Analyst Ratings Changes

Separately, Berenberg Bank began coverage on Land Securities Group in a research report on Wednesday, January 10th. They issued a “buy” rating and a GBX 807 ($10.20) price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Land Securities Group currently has an average rating of “Hold” and a consensus target price of GBX 675.33 ($8.53).

Land Securities Group Trading Up 0.2 %

The firm has a market capitalization of £4.90 billion, a P/E ratio of -802.20, a price-to-earnings-growth ratio of 12.39 and a beta of 1.45. The stock has a 50-day simple moving average of GBX 639.46 and a two-hundred day simple moving average of GBX 633.82. The company has a current ratio of 0.49, a quick ratio of 0.54 and a debt-to-equity ratio of 56.72.

Land Securities Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, February 22nd will be issued a GBX 9.30 ($0.12) dividend. This is an increase from Land Securities Group’s previous dividend of $9.20. This represents a dividend yield of 1.42%. The ex-dividend date is Thursday, February 22nd. Land Securities Group’s payout ratio is presently -4,878.05%.

Land Securities Group Company Profile

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.