LondonMetric Property’s (LMP) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of LondonMetric Property (LON:LMP) in a research note issued to investors on Tuesday, Marketbeat.com reports.

Separately, Citigroup upgraded LondonMetric Property to a buy rating and set a GBX 251 ($3.36) price objective for the company in a research report on Wednesday, July 31st.

LondonMetric Property Price Performance

Shares of LON:LMP opened at GBX 207.20 ($2.77) on Tuesday. LondonMetric Property has a 12 month low of GBX 152.30 ($2.04) and a 12 month high of GBX 210.80 ($2.82). The stock has a market cap of £4.23 billion, a price-to-earnings ratio of 1,883.64, a PEG ratio of 3.27 and a beta of 0.90. The stock’s 50 day moving average price is GBX 202.56 and its 200 day moving average price is GBX 199.99. The company has a debt-to-equity ratio of 59.04, a current ratio of 0.68 and a quick ratio of 0.81.

LondonMetric Property Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Thursday, August 29th will be given a dividend of GBX 2.85 ($0.04) per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 1.41%. LondonMetric Property’s dividend payout ratio (DPR) is presently 10,000.00%.

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.