Land Securities Group plc (LAND) Announces Dividend of GBX 11.65

Land Securities Group plc (LON:LAND) announced a dividend on Tuesday, May 14th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 20th will be given a dividend of GBX 11.65 ($0.15) per share on Thursday, July 25th. This represents a yield of 1.32%. The ex-dividend date is Thursday, June 20th. This is a positive change from Land Securities Group’s previous dividend of $11.30. The official announcement can be accessed at this link.

LON LAND traded down GBX 12.60 ($0.16) on Tuesday, reaching GBX 879.60 ($11.49). The company had a trading volume of 2,951,814 shares, compared to its average volume of 2,210,000. The company has a market capitalization of $6.51 billion and a price-to-earnings ratio of -27.92. Land Securities Group has a fifty-two week low of GBX 784.20 ($10.25) and a fifty-two week high of GBX 985.50 ($12.88). The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 36.38.

A number of analysts have commented on the stock. Goldman Sachs Group raised shares of Land Securities Group to a “neutral” rating and cut their price target for the company from GBX 788 ($10.30) to GBX 769 ($10.05) in a research report on Friday, January 25th. Liberum Capital reaffirmed a “buy” rating on shares of Land Securities Group in a research report on Tuesday, March 12th. JPMorgan Chase & Co. cut their price target on shares of Land Securities Group from GBX 1,120 ($14.63) to GBX 1,050 ($13.72) and set an “overweight” rating on the stock in a research report on Monday, January 21st. Morgan Stanley upped their price target on shares of Land Securities Group from GBX 970 ($12.67) to GBX 990 ($12.94) and gave the company an “equal weight” rating in a research report on Thursday, March 14th. Finally, Citigroup cut shares of Land Securities Group to a “sell” rating and cut their price target for the company from GBX 974 ($12.73) to GBX 743 ($9.71) in a research report on Friday, January 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 953 ($12.45).

In related news, insider Nicholas Cadbury acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were bought at an average price of GBX 888 ($11.60) per share, with a total value of £26,640 ($34,809.88).

TRADEMARK VIOLATION NOTICE: This report was first reported by WKRB News and is owned by of WKRB News. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.wkrb13.com/2019/05/14/land-securities-group-plc-land-announces-dividend-of-gbx-11-65.html.

Land Securities Group Company Profile

At Landsec, we believe great places are for people to experience and are made with the experience of great people. Across 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country. In London, our portfolio totals more than £7.8 billion, and consists of 6.4 million sq ft of real estate.

Recommended Story: Futures Contract

Dividend History for Land Securities Group (LON:LAND)

Receive News & Ratings for Land Securities Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Land Securities Group and related companies with MarketBeat.com's FREE daily email newsletter.