Londonmetric Property’s (LMP) Add Rating Reiterated at Peel Hunt

Peel Hunt reiterated their add rating on shares of Londonmetric Property (LON:LMP) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.

LMP has been the subject of several other research reports. Royal Bank of Canada restated a sector performer rating on shares of Londonmetric Property in a research report on Monday, June 24th. Barclays upped their price target on shares of Londonmetric Property from GBX 195 ($2.55) to GBX 210 ($2.74) and gave the stock an overweight rating in a research report on Tuesday, June 4th. Morgan Stanley lowered shares of Londonmetric Property to an underweight rating and set a GBX 200 ($2.61) price target for the company. in a research report on Monday, September 2nd. Finally, Liberum Capital restated a hold rating on shares of Londonmetric Property in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Londonmetric Property presently has an average rating of Hold and an average price target of GBX 207 ($2.70).

LMP stock opened at GBX 210.80 ($2.75) on Tuesday. The firm has a fifty day moving average price of GBX 203.85 and a two-hundred day moving average price of GBX 202.15. The firm has a market cap of $1.77 billion and a price-to-earnings ratio of 12.33. The company has a debt-to-equity ratio of 46.06, a current ratio of 0.73 and a quick ratio of 0.70. Londonmetric Property has a 1-year low of GBX 171.50 ($2.24) and a 1-year high of GBX 216.40 ($2.83).



The company also recently declared a dividend, which will be paid on Monday, October 7th. Stockholders of record on Thursday, August 29th will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 0.99%. Londonmetric Property’s dividend payout ratio is currently 0.47%.

In related news, insider Patrick Vaughan sold 78,334 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of GBX 206 ($2.69), for a total value of £161,368.04 ($210,855.93). Also, insider Martin McGann sold 21,723 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of GBX 209 ($2.73), for a total transaction of £45,401.07 ($59,324.54).

About Londonmetric Property

LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and enhancing capital values. LondonMetric has 13 million sq ft under management.

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Analyst Recommendations for Londonmetric Property (LON:LMP)

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