Land Securities Group’s (LAND) “Hold” Rating Reiterated at Shore Capital

Shore Capital reissued their hold rating on shares of Land Securities Group (LON:LAND) in a report released on Tuesday morning, MarketBeat.com reports.

Separately, Berenberg Bank reduced their price objective on shares of Land Securities Group from GBX 755 ($9.44) to GBX 746 ($9.32) and set a “buy” rating on the stock in a research report on Wednesday, December 4th.

Land Securities Group Stock Performance

LON:LAND opened at GBX 565.66 ($7.07) on Tuesday. The stock has a 50-day moving average price of GBX 606.45 and a 200 day moving average price of GBX 628.08. The stock has a market capitalization of £4.21 billion, a P/E ratio of -1,315.49, a P/E/G ratio of 12.39 and a beta of 1.44. Land Securities Group has a 12-month low of GBX 556.50 ($6.96) and a 12-month high of GBX 729.40 ($9.12). The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 58.63.

Land Securities Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, November 28th will be paid a GBX 9.40 ($0.12) dividend. This is an increase from Land Securities Group’s previous dividend of $9.20. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 1.62%. Land Securities Group’s payout ratio is presently -9,302.33%.

About Land Securities Group

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.