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

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

Shares of LMP stock opened at GBX 230.80 ($3.02) on Wednesday. The stock’s 50-day moving average is GBX 232.60 and its two-hundred day moving average is GBX 213.96. The company has a debt-to-equity ratio of 46.06, a quick ratio of 0.70 and a current ratio of 0.73. Londonmetric Property has a 1 year low of GBX 171.50 ($2.24) and a 1 year high of GBX 241.60 ($3.16). The firm has a market cap of $1.94 billion and a price-to-earnings ratio of 13.50.

In related news, insider Patrick Vaughan sold 400,000 shares of Londonmetric Property 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 value of £944,000 ($1,233,503.20).

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

Featured Article: Technical Indicators – What is a Golden Cross?

Dividend History for Londonmetric Property (LON:LMP)

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