Land Securities Group (LON:LAND) Given “Hold” Rating at Shore Capital

Shore Capital reaffirmed their hold rating on shares of Land Securities Group (LON:LAND) in a research report report published on Tuesday, MarketBeat reports.

Separately, Berenberg Bank cut their target price on shares of Land Securities Group from GBX 755 ($9.60) to GBX 746 ($9.48) and set a “buy” rating for the company in a research note on Wednesday, December 4th.

Land Securities Group Price Performance

LON:LAND opened at GBX 572 ($7.27) on Tuesday. Land Securities Group has a 52-week low of GBX 565 ($7.18) and a 52-week high of GBX 729.40 ($9.27). The company has a market cap of £4.26 billion, a P/E ratio of -1,330.23, a P/E/G ratio of 12.39 and a beta of 1.44. The company has a debt-to-equity ratio of 58.63, a quick ratio of 0.54 and a current ratio of 0.42. The stock’s 50-day simple moving average is GBX 609.22 and its 200 day simple moving average is GBX 629.39.

Land Securities Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, November 28th will be paid a GBX 9.40 ($0.12) dividend. This is an increase from Land Securities Group’s previous dividend of $9.20. This represents a yield of 1.62%. The ex-dividend date is Thursday, November 28th. Land Securities Group’s payout ratio is -9,302.33%.

Land Securities Group Company Profile

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.