Land Securities Group (LON:LAND) Given Overweight Rating at Barclays

Barclays reiterated their overweight rating on shares of Land Securities Group (LON:LANDGet Rating) in a report issued on Wednesday, reports. Barclays currently has a GBX 765 ($9.97) target price on the stock.

LAND has been the topic of several other research reports. Royal Bank of Canada reaffirmed an outperform rating and set a GBX 1,000 ($13.03) price target on shares of Land Securities Group in a research report on Tuesday. Morgan Stanley restated an equal weight rating on shares of Land Securities Group in a research note on Friday, January 28th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Buy and an average price target of GBX 818.75 ($10.67).

LAND stock opened at GBX 753 ($9.81) on Wednesday. Land Securities Group has a 1 year low of GBX 644.20 ($8.39) and a 1 year high of GBX 822.40 ($10.72). The firm has a market capitalization of £5.58 billion and a PE ratio of -19.59. The company has a debt-to-equity ratio of 48.27, a current ratio of 0.45 and a quick ratio of 0.38. The business has a 50 day simple moving average of GBX 773.07 and a 200-day simple moving average of GBX 751.49.

The business also recently disclosed a dividend, which was paid on Thursday, April 7th. Shareholders of record on Thursday, March 10th were paid a GBX 8.50 ($0.11) dividend. The ex-dividend date was Thursday, March 10th. This represents a yield of 1.06%. Land Securities Group’s dividend payout ratio is presently -0.89%.

In other news, insider Manjiry Tamhane bought 4,473 shares of Land Securities Group stock in a transaction dated Thursday, February 17th. The stock was acquired at an average cost of GBX 793 ($10.33) per share, with a total value of £35,470.89 ($46,222.17).

Land Securities Group Company Profile (Get Rating)

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 £11 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.

Further Reading

Analyst Recommendations for Land Securities Group (LON:LAND)

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