Land Securities Group (LAND) Trading 0% Higher

Land Securities Group plc (LON:LAND)’s share price traded up 0% during trading on Thursday . The company traded as high as GBX 1,009 ($13.49) and last traded at GBX 1,007 ($13.46). 1,979,077 shares traded hands during trading, a decline of 39% from the average session volume of 3,270,000 shares. The stock had previously closed at GBX 1,007 ($13.46).

A number of equities analysts recently commented on the stock. Numis Securities reaffirmed a “hold” rating and set a GBX 1,077 ($14.40) price target on shares of Land Securities Group in a research report on Monday, September 18th. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,050 ($14.04) price target on shares of Land Securities Group in a research report on Tuesday, September 12th. Credit Suisse Group lowered shares of Land Securities Group to a “neutral” rating and lowered their price target for the stock from GBX 1,140.74 ($15.25) to GBX 1,035 ($13.84) in a research report on Wednesday, December 6th. Beaufort Securities reaffirmed a “long term buy” rating and set a GBX 1,150 ($15.38) price target on shares of Land Securities Group in a research report on Friday, October 20th. Finally, Deutsche Bank raised their price target on shares of Land Securities Group from GBX 1,000 ($13.37) to GBX 1,050 ($14.04) and gave the stock a “hold” rating in a research report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Land Securities Group presently has an average rating of “Hold” and an average target price of GBX 1,092.77 ($14.61).

The company has a market cap of $7,320.00 and a price-to-earnings ratio of 4,195.83.

Land Securities Group (LON:LAND) last released its earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.34) EPS for the quarter, missing the consensus estimate of GBX 26.60 ($0.36) by GBX (0.90) (($0.01)). Land Securities Group had a negative net margin of 8.59% and a negative return on equity of 0.61%. The firm had revenue of £366 million during the quarter.

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

In related news, insider Martin F. Greenslade purchased 8,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average cost of GBX 924 ($12.35) per share, with a total value of £73,920 ($98,836.74). Also, insider Robert Noel purchased 18,365 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average cost of GBX 933 ($12.47) per share, for a total transaction of £171,345.45 ($229,102.09).

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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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