LondonMetric Property Plc (LMP) to Issue Dividend of GBX 2.85 on October 8th

LondonMetric Property Plc (LON:LMP) announced a dividend on Wednesday, August 21st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 29th will be paid a dividend of GBX 2.85 ($0.04) per share on Tuesday, October 8th. This represents a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, August 29th. The official announcement can be viewed at this link.

LondonMetric Property Trading Up 0.5 %

LMP stock opened at GBX 206.60 ($2.68) on Friday. The firm has a fifty day moving average price of GBX 197.85 and a 200 day moving average price of GBX 196.90. LondonMetric Property has a fifty-two week low of GBX 152.30 ($1.98) and a fifty-two week high of GBX 210.80 ($2.74). The firm has a market cap of £4.21 billion, a PE ratio of 1,869.09, a price-to-earnings-growth ratio of 3.27 and a beta of 0.89. The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.81 and a current ratio of 0.68.

Analysts Set New Price Targets

Several research firms have commented on LMP. Citigroup upgraded shares of LondonMetric Property to a “buy” rating and set a GBX 251 ($3.26) price objective for the company in a research report on Wednesday, July 31st. Shore Capital reaffirmed a “buy” rating on shares of LondonMetric Property in a report on Thursday, May 30th.

Insider Buying and Selling

In other LondonMetric Property news, insider Andrew Jones sold 239,863 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of GBX 195 ($2.53), for a total transaction of £467,732.85 ($607,760.98). 6.34% of the stock is owned by corporate 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.