Land Securities Group (LON:LAND) Reaches New 1-Year Low – Here’s Why

Land Securities Group Plc (LON:LAND) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 566.50 ($7.12) and last traded at GBX 567.52 ($7.13), with a volume of 3611779 shares traded. The stock had previously closed at GBX 570.50 ($7.17).

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Berenberg Bank reduced their price objective on Land Securities Group from GBX 755 ($9.49) to GBX 746 ($9.38) and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Jefferies Financial Group restated a “hold” rating and set a GBX 550 ($6.91) target price on shares of Land Securities Group in a report on Tuesday. Finally, Shore Capital reissued a “hold” rating on shares of Land Securities Group in a research report on Tuesday.

Land Securities Group Stock Performance

The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 58.63. The company has a market capitalization of £4.22 billion, a PE ratio of -1,316.88, a PEG ratio of 12.39 and a beta of 1.44. The stock’s fifty day simple moving average is GBX 607.98 and its 200-day simple moving average is GBX 628.76.

Land Securities Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, November 28th will be issued a GBX 9.40 ($0.12) dividend. This represents a yield of 1.62%. This is an increase from Land Securities Group’s previous dividend of $9.20. The ex-dividend date of this dividend is Thursday, November 28th. Land Securities Group’s payout ratio is presently -9,302.33%.

About Land Securities Group

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.