LondonMetric Property (LON:LMP) Hits New 1-Year High at $205.60

Shares of LondonMetric Property Plc (LON:LMP) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 205.60 ($2.58) and last traded at GBX 203 ($2.55), with a volume of 2825030 shares traded. The stock had previously closed at GBX 198.80 ($2.50).

Wall Street Analysts Forecast Growth

LMP has been the topic of a number of research reports. Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a research report on Wednesday, March 6th. Berenberg Bank upgraded shares of LondonMetric Property to a “buy” rating and upped their price objective for the company from GBX 176 ($2.21) to GBX 229 ($2.88) in a report on Wednesday, March 6th.

LondonMetric Property Trading Up 2.0 %

The company has a debt-to-equity ratio of 43.79, a current ratio of 0.47 and a quick ratio of 0.81. The firm has a fifty day simple moving average of GBX 194.81 and a 200-day simple moving average of GBX 187.70. The firm has a market cap of £4.14 billion, a P/E ratio of -1,067.37, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86.

LondonMetric Property Announces Dividend

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

Insider Activity at LondonMetric Property

In other LondonMetric Property news, insider Katerina Patmore bought 10,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of GBX 192 ($2.41) per share, with a total value of £19,200 ($24,117.57). 6.03% of the stock is currently owned by insiders.

LondonMetric Property Company Profile

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.