Londonmetric Property (LON:LMP) Rating Reiterated by Liberum Capital

Liberum Capital reissued their hold rating on shares of Londonmetric Property (LON:LMP) in a research note released on Monday, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued research reports about the stock. Peel Hunt reiterated an add rating on shares of Londonmetric Property in a report on Monday. Royal Bank of Canada reiterated a sector performer rating on shares of Londonmetric Property in a report on Monday, June 24th. Finally, Barclays lifted their target price on shares of Londonmetric Property from GBX 195 ($2.55) to GBX 210 ($2.74) and gave the stock an overweight rating in a report on Tuesday, June 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 207 ($2.70).

Londonmetric Property stock opened at GBX 204.60 ($2.67) on Monday. The company has a market capitalization of $1.72 billion and a P/E ratio of 11.96. The firm’s fifty day simple moving average is GBX 205.40 and its 200-day simple moving average is GBX 200.65. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 46.06. Londonmetric Property has a 1-year low of GBX 171.50 ($2.24) and a 1-year high of GBX 216.40 ($2.83).

The company also recently announced a dividend, which will be paid on Monday, October 7th. Investors of record on Thursday, August 29th will be issued a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a yield of 0.99%. Londonmetric Property’s dividend payout ratio (DPR) is presently 0.47%.

In other Londonmetric Property news, insider Patrick Vaughan sold 78,334 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of GBX 206 ($2.69), for a total value of £161,368.04 ($210,855.93). Also, insider Valentine Beresford sold 184,200 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of GBX 207 ($2.70), for a total transaction of £381,294 ($498,228.15). Insiders sold a total of 284,257 shares of company stock worth $58,806,311 in the last quarter.

About Londonmetric Property

LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and enhancing capital values. LondonMetric has 13 million sq ft under management.

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Analyst Recommendations for Londonmetric Property (LON:LMP)

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