LondonMetric Property (LON:LMP) Sets New 52-Week High at $207.00

LondonMetric Property Plc (LON:LMP)’s stock price hit a new 52-week high on Thursday . The company traded as high as GBX 207 ($2.60) and last traded at GBX 204 ($2.56), with a volume of 3261234 shares. The stock had previously closed at GBX 203.40 ($2.56).

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LMP shares. Berenberg Bank raised shares of LondonMetric Property to a “buy” rating and lifted their price target for the company from GBX 176 ($2.21) to GBX 229 ($2.88) in a report on Wednesday, March 6th. Shore Capital restated a “buy” rating on shares of LondonMetric Property in a research note on Wednesday, March 6th.

LondonMetric Property Price Performance

The company has a market capitalization of £4.14 billion, a P/E ratio of -1,073.68, a PEG ratio of 3.27 and a beta of 0.86. The company has a quick ratio of 0.81, a current ratio of 0.47 and a debt-to-equity ratio of 43.79. The business has a 50 day simple moving average of GBX 195.90 and a 200-day simple moving average of GBX 188.50.

LondonMetric Property Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, April 8th. Investors of record on Thursday, February 29th were given a GBX 2.40 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a yield of 1.28%. LondonMetric Property’s dividend payout ratio is presently -5,263.16%.

Insider Buying and Selling at LondonMetric Property

In other LondonMetric Property news, insider Katerina Patmore bought 10,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were purchased at an average price of GBX 192 ($2.41) per share, with a total value of £19,200 ($24,120.60). 6.03% of the stock is currently owned by company insiders.

LondonMetric Property Company Profile

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.