LondonMetric Property (LON:LMP) Share Price Passes Below 200-Day Moving Average of $183.61

LondonMetric Property Plc (LON:LMP – Get Rating) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 183.61 ($2.28) and traded as low as GBX 183.60 ($2.28). LondonMetric Property shares last traded at GBX 186 ($2.31), with a volume of 883,695 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Peel Hunt reiterated a “buy” rating and issued a GBX 205 ($2.55) price objective on shares of LondonMetric Property in a report on Tuesday, January 24th. Numis Securities reiterated a “buy” rating and issued a GBX 250 ($3.11) price objective on shares of LondonMetric Property in a research report on Tuesday, January 24th. Finally, Shore Capital restated a “buy” rating on shares of LondonMetric Property in a report on Monday, March 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 214 ($2.66).

LondonMetric Property Price Performance

The company has a quick ratio of 0.81, a current ratio of 2.01 and a debt-to-equity ratio of 52.02. The stock has a market cap of £1.84 billion, a P/E ratio of 715.38, a PEG ratio of 3.55 and a beta of 0.79. The firm’s fifty day moving average price is GBX 181.14 and its 200-day moving average price is GBX 183.61.

LondonMetric Property Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 12th. Investors of record on Thursday, March 9th were paid a GBX 2.30 ($0.03) dividend. This represents a yield of 1.25%. The ex-dividend date of this dividend was Thursday, March 9th. LondonMetric Property’s payout ratio is 3,846.15%.

LondonMetric Property Company Profile

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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.