Land Securities Group plc (LON:LAND) Plans Dividend Increase – GBX 8.50 Per Share

Land Securities Group plc (LON:LAND) declared a dividend on Tuesday, November 16th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 25th will be paid a dividend of GBX 8.50 ($0.11) per share on Tuesday, January 4th. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, November 25th. This is a positive change from Land Securities Group’s previous dividend of $7.00. The official announcement can be accessed at this link.

Shares of LAND opened at GBX 754 ($9.85) on Wednesday. The company’s 50 day simple moving average is GBX 705.32 and its 200-day simple moving average is GBX 706.42. Land Securities Group has a 12-month low of GBX 600.09 ($7.84) and a 12-month high of GBX 762 ($9.96). The company has a current ratio of 0.45, a quick ratio of 0.38 and a debt-to-equity ratio of 48.27. The firm has a market cap of £5.59 billion and a PE ratio of -19.38.

In related news, insider Madeleine Cosgrave bought 5,652 shares of the firm’s stock in a transaction on Monday, September 27th. The shares were bought at an average cost of GBX 708 ($9.25) per share, for a total transaction of £40,016.16 ($52,281.37).

LAND has been the topic of a number of analyst reports. Morgan Stanley reiterated an “equal weight” rating on shares of Land Securities Group in a research report on Monday, November 15th. JPMorgan Chase & Co. lifted their price objective on shares of Land Securities Group from GBX 850 ($11.11) to GBX 900 ($11.76) and gave the company an “overweight” rating in a research report on Friday, November 19th. Barclays reiterated an “overweight” rating and issued a GBX 690 ($9.01) price objective on shares of Land Securities Group in a research report on Friday, November 12th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 825 ($10.78) price objective on shares of Land Securities Group in a research report on Friday, October 22nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Land Securities Group presently has an average rating of “Buy” and an average price target of GBX 767.86 ($10.03).

Land Securities Group Company Profile

At Landsec, we strive to connect communities, realise potential and deliver sustainable places. As one of the largest real estate companies in Europe, our £11.8 billion portfolio spans 24 million sq ft (as at 30 September 2020) of well-connected retail, leisure, workspace and residential hubs. From the iconic Piccadilly Lights in the West End and the regeneration of London's Victoria, to the creation of retail destinations at Westgate Oxford and Trinity Leeds, we own and manage some of the most successful and memorable real estate in the UK.

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Dividend History for Land Securities Group (LON:LAND)

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