LondonMetric Property (LON:LMP) Stock Price Passes Above 200-Day Moving Average of $198.00

LondonMetric Property Plc (LON:LMP)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 198 ($2.60) and traded as high as GBX 203.20 ($2.67). LondonMetric Property shares last traded at GBX 201.40 ($2.65), with a volume of 2,705,093 shares trading hands.

Wall Street Analysts Forecast Growth

LMP has been the topic of a number of research analyst reports. Shore Capital restated a “buy” rating on shares of LondonMetric Property in a research note on Thursday, May 30th. Citigroup upgraded shares of LondonMetric Property to a “buy” rating and set a GBX 251 ($3.30) price objective on the stock in a research report on Wednesday, July 31st.

LondonMetric Property Trading Down 0.3 %

The stock has a 50 day moving average of GBX 199.76 and a 200 day moving average of GBX 198.05. The company has a debt-to-equity ratio of 59.04, a current ratio of 0.68 and a quick ratio of 0.81. The firm has a market cap of £4.10 billion, a P/E ratio of 1,825.45, a PEG ratio of 3.27 and a beta of 0.90.

LondonMetric Property Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 8th. Investors of record on Thursday, August 29th will be issued a dividend of GBX 2.85 ($0.04) per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 1.41%. LondonMetric Property’s dividend payout ratio is 10,000.00%.

Insiders Place Their Bets

In other LondonMetric Property news, insider Andrew Jones sold 239,863 shares of LondonMetric Property stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of GBX 195 ($2.56), for a total transaction of £467,732.85 ($615,033.33). 6.33% of the stock is owned by 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.