Land Securities Group Plc (LON:LAND) Announces Dividend of GBX 9.20

Land Securities Group Plc (LON:LAND) announced a dividend on Friday, July 12th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 22nd will be given a dividend of GBX 9.20 ($0.12) per share on Friday, October 4th. This represents a yield of 1.42%. The ex-dividend date of this dividend is Thursday, August 22nd. The official announcement can be seen at this link.

Land Securities Group Stock Performance

LON LAND opened at GBX 633.50 ($8.23) on Tuesday. The company has a fifty day simple moving average of GBX 629.94 and a 200 day simple moving average of GBX 640.20. Land Securities Group has a 12-month low of GBX 554.70 ($7.21) and a 12-month high of GBX 729.40 ($9.48). The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 58.63. The company has a market cap of £4.72 billion, a P/E ratio of -1,477.91, a PEG ratio of 12.39 and a beta of 1.45.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Berenberg Bank reduced their price target on shares of Land Securities Group from GBX 807 ($10.49) to GBX 755 ($9.81) and set a “buy” rating for the company in a research report on Friday, June 7th. Barclays raised their price objective on Land Securities Group from GBX 700 ($9.10) to GBX 730 ($9.49) and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, Shore Capital restated a “hold” rating on shares of Land Securities Group in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Land Securities Group currently has an average rating of “Hold” and an average target price of GBX 650 ($8.45).

Insider Buying and Selling at Land Securities Group

In other news, insider Mark Allan sold 16,439 shares of Land Securities Group stock in a transaction on Monday, June 10th. The stock was sold at an average price of GBX 645 ($8.38), for a total transaction of £106,031.55 ($137,774.88). In other news, insider Mark Allan sold 16,439 shares of Land Securities Group stock in a transaction on Monday, June 10th. The stock was sold at an average price of GBX 645 ($8.38), for a total transaction of £106,031.55 ($137,774.88). Also, insider Vanessa Simms sold 82,790 shares of Land Securities Group stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of GBX 631 ($8.20), for a total value of £522,404.90 ($678,800.55). In the last three months, insiders have purchased 4,689 shares of company stock worth $3,028,930 and have sold 251,335 shares worth $157,757,789. Company insiders own 0.60% of the company’s stock.

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.