Land Securities Group (LON:LAND) Receives “Hold” Rating from Shore Capital

Shore Capital reiterated their hold rating on shares of Land Securities Group (LON:LAND) in a research note issued to investors on Tuesday, MarketBeat Ratings reports.

LAND has been the topic of several other reports. Morgan Stanley cut shares of Land Securities Group to an equal weight rating and decreased their price target for the stock from GBX 750 ($9.21) to GBX 650 ($7.98) in a research note on Monday, September 4th. Jefferies Financial Group cut shares of Land Securities Group to an underperform rating and set a GBX 465 ($5.71) price target on the stock. in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Land Securities Group has a consensus rating of Hold and a consensus target price of GBX 649 ($7.97).

Land Securities Group Stock Performance

LON:LAND opened at GBX 653 ($8.02) on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 50.03. The firm has a 50-day moving average price of GBX 588.70 and a two-hundred day moving average price of GBX 604.37. Land Securities Group has a twelve month low of GBX 551.20 ($6.77) and a twelve month high of GBX 743.40 ($9.13). The company has a market capitalization of £4.86 billion, a P/E ratio of -767.14, a price-to-earnings-growth ratio of 12.39 and a beta of 1.43.

Land Securities Group Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 23rd will be given a GBX 9.20 ($0.11) dividend. The ex-dividend date is Thursday, November 23rd. This is a boost from Land Securities Group’s previous dividend of $9.00. This represents a dividend yield of 1.52%. Land Securities Group’s dividend payout ratio (DPR) is currently -4,642.86%.

About Land Securities Group

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.