LondonMetric Property Plc (LON:LMP) Plans Dividend of GBX 2.85

Posted by Financial News Live on Nov 27th, 2024

LondonMetric Property Plc (LON:LMP – Get Free Report) announced a dividend on Tuesday, November 26th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 2.85 ($0.04) per share on Monday, January 13th. This represents a yield of 1.5%. The ex-dividend date of this dividend is Thursday, December 5th. The official announcement can be accessed at this link.

LondonMetric Property Price Performance

LMP stock opened at GBX 193.10 ($2.43) on Wednesday. The firm has a 50-day moving average of GBX 197.99 and a two-hundred day moving average of GBX 199.77. The firm has a market capitalization of £3.94 billion, a PE ratio of 1,727.27, a P/E/G ratio of 3.27 and a beta of 0.90. The company has a current ratio of 0.68, a quick ratio of 0.81 and a debt-to-equity ratio of 59.04. LondonMetric Property has a one year low of GBX 178 ($2.24) and a one year high of GBX 210.80 ($2.65).

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LMP. Shore Capital reaffirmed a “buy” rating on shares of LondonMetric Property in a research note on Tuesday, September 24th. Citigroup upgraded LondonMetric Property to a “buy” rating and set a GBX 251 ($3.16) target price for the company in a report on Wednesday, July 31st.

Read Our Latest Stock Analysis on LMP

Insider Transactions at LondonMetric Property

In related news, insider Martin McGann sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of GBX 204 ($2.56), for a total transaction of £1,020,000 ($1,282,212.45). 6.29% of the stock is owned by insiders.

LondonMetric Property Company Profile

(Get Free Report)

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.