Insider Buying: Land Securities Group plc (LAND) Insider Purchases £26,640 in Stock

Land Securities Group plc (LON:LAND) insider Nicholas Cadbury purchased 3,000 shares of Land Securities Group stock in a transaction on Tuesday, May 14th. The stock was bought at an average price of GBX 888 ($11.60) per share, with a total value of £26,640 ($34,809.88).

LON:LAND opened at GBX 883 ($11.54) on Thursday. The company has a debt-to-equity ratio of 36.38, a current ratio of 0.47 and a quick ratio of 0.42. Land Securities Group plc has a 12-month low of GBX 784.20 ($10.25) and a 12-month high of GBX 985.50 ($12.88). The stock has a market cap of $6.54 billion and a P/E ratio of -28.03.

The firm also recently announced a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be given a dividend of GBX 11.60 ($0.15) per share. This represents a dividend yield of 1.32%. The ex-dividend date is Thursday, September 5th. Land Securities Group’s dividend payout ratio is currently -1.43%.



A number of brokerages have commented on LAND. Deutsche Bank restated a “buy” rating and issued a GBX 1,020 ($13.33) price target on shares of Land Securities Group in a research report on Wednesday. Numis Securities reduced their price target on Land Securities Group from GBX 1,000 ($13.07) to GBX 894 ($11.68) and set a “hold” rating for the company in a research report on Tuesday. Peel Hunt restated a “hold” rating on shares of Land Securities Group in a research report on Tuesday. Liberum Capital restated a “hold” rating and issued a GBX 585 ($7.64) price target (down previously from GBX 1,000 ($13.07)) on shares of Land Securities Group in a research report on Tuesday. Finally, UBS Group restated a “buy” rating on shares of Land Securities Group in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 918.42 ($12.00).

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About Land Securities Group

At Landsec, we believe great places are for people to experience and are made with the experience of great people. Across 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country. In London, our portfolio totals more than £7.8 billion, and consists of 6.4 million sq ft of real estate.

Further Reading: Overbought

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