Land Securities Group Plc (LON:LAND) Insider Purchases £148.56 in Stock

Land Securities Group Plc (LON:LAND) insider Vanessa Simms bought 24 shares of Land Securities Group stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of GBX 619 ($7.91) per share, for a total transaction of £148.56 ($189.85).

Vanessa Simms also recently made the following trade(s):

• On Tuesday, July 2nd, Vanessa Simms sold 82,790 shares of Land Securities Group stock. The stock was sold at an average price of GBX 631 ($8.06), for a total value of £522,404.90 ($667,610.10).
• On Wednesday, June 5th, Vanessa Simms purchased 22 shares of Land Securities Group stock. The stock was bought at an average price of GBX 668 ($8.54) per share, with a total value of £146.96 ($187.81).
• On Wednesday, May 8th, Vanessa Simms bought 22 shares of Land Securities Group stock. The shares were acquired at an average price of £684.40 ($874.63) per share, with a total value of £15,056.80 ($19,241.92).

Land Securities Group Trading Down 1.4 %

LAND stock opened at GBX 618 ($7.90) on Friday. Land Securities Group Plc has a 52-week low of GBX 554.70 ($7.09) and a 52-week high of GBX 729.40 ($9.32). The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 58.63. The company’s 50-day simple moving average is GBX 634.42 and its 200-day simple moving average is GBX 641.51. The firm has a market cap of £4.60 billion, a P/E ratio of -1,437.21, a PEG ratio of 12.39 and a beta of 1.44.

Land Securities Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, August 22nd will be given a dividend of GBX 9.20 ($0.12) per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a dividend yield of 1.42%. Land Securities Group’s dividend payout ratio (DPR) is presently -9,302.33%.

Analyst Ratings Changes

A number of analysts recently issued reports on LAND shares. Barclays boosted their price target on Land Securities Group from GBX 700 ($8.95) to GBX 730 ($9.33) and gave the company an “overweight” rating in a report on Friday, May 3rd. Shore Capital reaffirmed a “hold” rating on shares of Land Securities Group in a research report on Friday, May 17th. Finally, Berenberg Bank cut their target price on Land Securities Group from GBX 807 ($10.31) to GBX 755 ($9.65) and set a “buy” rating on the stock in a research report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Land Securities Group presently has a consensus rating of “Hold” and a consensus price target of GBX 650 ($8.31).

Land Securities Group Company Profile

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.