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

Shore Capital reaffirmed their buy rating on shares of LondonMetric Property (LON:LMP – Get Rating) in a report issued on Monday, Marketbeat reports.

Several other equities research analysts have also issued reports on the stock. Peel Hunt reissued a buy rating and issued a GBX 205 ($2.47) price objective on shares of LondonMetric Property in a research report on Tuesday, January 24th. Berenberg Bank raised shares of LondonMetric Property to a hold rating and lowered their price target for the company from GBX 200 ($2.41) to GBX 185 ($2.22) in a report on Tuesday, November 29th. Numis Securities reaffirmed a buy rating and set a GBX 250 ($3.01) price target on shares of LondonMetric Property in a report on Tuesday, January 24th. Finally, Barclays reaffirmed an overweight rating and set a GBX 225 ($2.71) price target on shares of LondonMetric Property in a report on Thursday, November 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of GBX 229.17 ($2.76).

LondonMetric Property Stock Performance

Shares of LMP stock opened at GBX 191.92 ($2.31) on Monday. LondonMetric Property has a one year low of GBX 157.76 ($1.90) and a one year high of GBX 280.40 ($3.37). The company has a 50 day moving average price of GBX 187.41 and a 200 day moving average price of GBX 187.96. The firm has a market capitalization of £1.89 billion, a price-to-earnings ratio of 732.69, a price-to-earnings-growth ratio of 3.59 and a beta of 0.79. The company has a debt-to-equity ratio of 52.02, a quick ratio of 0.81 and a current ratio of 2.01.

LondonMetric Property Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 12th. Stockholders of record on Thursday, March 9th will be paid a GBX 2.30 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, March 9th. This represents a dividend yield of 1.25%. LondonMetric Property’s dividend payout ratio is presently 3,461.54%.

About LondonMetric Property

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LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 16 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.