Shares of LondonMetric Property Plc (LON:LMP – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 186.57 ($2.30) and traded as high as GBX 196.40 ($2.43). LondonMetric Property shares last traded at GBX 194.70 ($2.40), with a volume of 2,785,648 shares trading hands.
Analyst Ratings Changes
A number of research firms have issued reports on LMP. Berenberg Bank upgraded shares of LondonMetric Property to a “buy” rating and upped their price target for the company from GBX 176 ($2.17) to GBX 229 ($2.83) in a report on Wednesday, March 6th. Shore Capital restated a “buy” rating on shares of LondonMetric Property in a report on Wednesday, March 6th.
Get Our Latest Analysis on LMP
LondonMetric Property Price Performance
LondonMetric Property Dividend Announcement
The business also recently disclosed a dividend, which was paid on Monday, April 8th. Stockholders of record on Thursday, February 29th were given a dividend of GBX 2.40 ($0.03) per share. 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
In other LondonMetric Property news, insider Katerina Patmore purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average price of GBX 192 ($2.37) per share, with a total value of £19,200 ($23,715.42). 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.
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