LondonMetric Property (LON:LMP) Hits New 1-Year Low – Here’s What Happened

LondonMetric Property Plc (LON:LMP) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 173.50 ($2.16) and last traded at GBX 175.30 ($2.19), with a volume of 2321188 shares changing hands. The stock had previously closed at GBX 177.60 ($2.22).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a research note on Tuesday, September 24th.

LondonMetric Property Stock Down 2.4 %

The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 59.04. The firm’s 50-day moving average price is GBX 186.03 and its 200 day moving average price is GBX 195.73. The firm has a market cap of £3.54 billion, a P/E ratio of 1,576.36, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90.

LondonMetric Property Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, December 5th will be given a GBX 2.85 ($0.04) dividend. This represents a yield of 1.5%. The ex-dividend date of this dividend is Thursday, December 5th. LondonMetric Property’s dividend payout ratio is currently 10,000.00%.

About LondonMetric Property

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.