LondonMetric Property (LON:LMP) Share Price Crosses Above Two Hundred Day Moving Average of $185.54

LondonMetric Property Plc (LON:LMP)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 185.54 ($2.31) and traded as high as GBX 195.60 ($2.43). LondonMetric Property shares last traded at GBX 192.50 ($2.40), with a volume of 4,022,785 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LMP shares. Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a report on Wednesday, March 6th. Berenberg Bank raised shares of LondonMetric Property to a “buy” rating and upped their price target for the stock from GBX 176 ($2.19) to GBX 229 ($2.85) in a research report on Wednesday, March 6th.

LondonMetric Property Trading Down 0.9 %

The firm has a market cap of £3.93 billion, a price-to-earnings ratio of -1,013.16, a price-to-earnings-growth ratio of 3.27 and a beta of 0.84. The business’s 50 day moving average price is GBX 192.61 and its 200-day moving average price is GBX 185.54. The company has a debt-to-equity ratio of 43.79, a quick ratio of 0.81 and a current ratio of 0.47.

LondonMetric Property Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, April 8th. Investors of record on Thursday, February 29th were paid a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date was Thursday, February 29th. This represents a yield of 1.28%. LondonMetric Property’s dividend payout ratio (DPR) is -5,263.16%.

Insider Buying and Selling

In other news, insider Katerina Patmore bought 10,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was purchased at an average price of GBX 192 ($2.39) per share, for a total transaction of £19,200 ($23,901.41). 5.14% of the stock is owned by company insiders.

About LondonMetric Property

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a grocery-led long income portfolio, with 17 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.