Londonmetric Property PLC (LON:LMP) Plans GBX 2 Dividend

Londonmetric Property PLC (LON:LMP) declared a dividend on Wednesday, November 27th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 2 ($0.03) per share on Friday, January 10th. This represents a yield of 0.84%. The ex-dividend date of this dividend is Thursday, December 5th. The official announcement can be accessed at this link.

LON LMP opened at GBX 230.95 ($3.02) on Tuesday. The company has a debt-to-equity ratio of 46.06, a quick ratio of 0.70 and a current ratio of 0.73. The company has a market capitalization of $1.92 billion and a P/E ratio of 13.51. Londonmetric Property has a one year low of GBX 171.50 ($2.24) and a one year high of GBX 241.60 ($3.16). The stock has a 50 day moving average price of GBX 232.49 and a 200-day moving average price of GBX 213.84.

In other Londonmetric Property news, insider Patrick Vaughan sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of GBX 236 ($3.08), for a total transaction of £944,000 ($1,233,503.20).

Several equities research analysts recently weighed in on LMP shares. Peel Hunt restated an “add” rating and issued a GBX 250 ($3.27) price target (up previously from GBX 230 ($3.01)) on shares of Londonmetric Property in a research report on Tuesday, November 26th. Morgan Stanley downgraded shares of Londonmetric Property to an “underweight” rating and set a GBX 200 ($2.61) price target on the stock. in a research note on Monday, September 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 230 ($3.01) price objective on shares of Londonmetric Property in a research report on Thursday, November 14th. Finally, Liberum Capital reissued a “hold” rating on shares of Londonmetric Property in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 221 ($2.89).

Londonmetric Property Company Profile

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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Dividend History for Londonmetric Property (LON:LMP)

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