Land Securities Group (LAND) Shares Down 0.5%

Land Securities Group plc (LON:LAND) shares were down 0.5% during mid-day trading on Friday . The stock traded as low as GBX 987 ($13.28) and last traded at GBX 987 ($13.28). Approximately 674,167 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 3,340,000 shares. The stock had previously closed at GBX 991.50 ($13.34).

Several research analysts recently issued reports on LAND shares. Peel Hunt reissued an “add” rating and issued a GBX 1,150 ($15.48) price objective on shares of Land Securities Group in a research note on Tuesday, November 14th. Jefferies Group reissued a “hold” rating and issued a GBX 875 ($11.78) price objective on shares of Land Securities Group in a research note on Wednesday, November 15th. Liberum Capital reissued a “hold” rating and issued a GBX 1,050 ($14.13) price objective on shares of Land Securities Group in a research note on Monday, September 18th. Numis Securities reissued a “hold” rating and issued a GBX 1,077 ($14.50) price objective on shares of Land Securities Group in a research note on Monday, September 18th. Finally, Deutsche Bank increased their price objective on Land Securities Group from GBX 1,000 ($13.46) to GBX 1,050 ($14.13) and gave the stock a “hold” rating in a research note on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,092.77 ($14.71).

Land Securities Group (LON:LAND) last posted its earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 26.60 ($0.36) by GBX (0.90) (($0.01)). The company had revenue of £366 million for the quarter. Land Securities Group had a negative return on equity of 0.61% and a negative net margin of 8.59%.

The business also recently announced a dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, November 30th will be issued a dividend of GBX 9.85 ($0.13) per share. The ex-dividend date is Thursday, November 30th. This represents a yield of 1.07%.

In other Land Securities Group news, insider Robert Noel acquired 18,365 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average price of GBX 933 ($12.56) per share, for a total transaction of £171,345.45 ($230,612.99). Also, insider Martin F. Greenslade acquired 8,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average price of GBX 924 ($12.44) per share, with a total value of £73,920 ($99,488.56).

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Land Securities Group Company Profile

Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and the London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.

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