LondonMetric Property (LON:LMP) Shares Pass Above 200 Day Moving Average of $185.54

LondonMetric Property Plc (LON:LMP)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 185.54 ($2.31) and traded as high as GBX 195.60 ($2.43). LondonMetric Property shares last traded at GBX 192.50 ($2.40), with a volume of 4,022,785 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LMP. Berenberg Bank upgraded shares of LondonMetric Property to a “buy” rating and increased their target price for the stock from GBX 176 ($2.19) to GBX 229 ($2.85) in a report on Wednesday, March 6th. Shore Capital restated a “buy” rating on shares of LondonMetric Property in a report on Wednesday, March 6th.

LondonMetric Property Stock Up 0.2 %

The company’s 50 day moving average price is GBX 192.73 and its two-hundred day moving average price is GBX 185.60. The firm has a market cap of £3.97 billion, a PE ratio of -1,023.68, a PEG ratio of 3.27 and a beta of 0.84. The company has a current ratio of 0.47, a quick ratio of 0.81 and a debt-to-equity ratio of 43.79.

LondonMetric Property Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, April 8th. Stockholders of record on Thursday, February 29th were paid a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 29th. LondonMetric Property’s dividend payout ratio is presently -5,263.16%.

Insider Transactions at LondonMetric Property

In other LondonMetric Property news, insider Katerina Patmore purchased 10,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of GBX 192 ($2.39) per share, for a total transaction of £19,200 ($23,901.41). Corporate insiders own 5.14% of the company’s stock.

LondonMetric Property Company Profile

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.