Land Securities Group (LON:LAND) Shares Cross Above Two Hundred Day Moving Average of $640.67

Land Securities Group Plc (LON:LAND)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 640.67 ($7.91) and traded as high as GBX 650.50 ($8.03). Land Securities Group shares last traded at GBX 637.50 ($7.87), with a volume of 1,506,495 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank started coverage on shares of Land Securities Group in a research note on Wednesday, January 10th. They issued a “buy” rating and a GBX 807 ($9.97) target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Land Securities Group presently has a consensus rating of “Hold” and a consensus target price of GBX 675.33 ($8.34).

Land Securities Group Price Performance

The company has a debt-to-equity ratio of 56.72, a current ratio of 0.49 and a quick ratio of 0.54. The company’s 50 day moving average is GBX 634.33 and its 200 day moving average is GBX 640.67. The stock has a market cap of £4.76 billion, a price-to-earnings ratio of -777.44, a PEG ratio of 12.39 and a beta of 1.45.

Land Securities Group Increases Dividend

The business also recently declared a dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, February 22nd were given a dividend of GBX 9.30 ($0.11) per share. This represents a dividend yield of 1.42%. This is an increase from Land Securities Group’s previous dividend of $9.20. The ex-dividend date was Thursday, February 22nd. Land Securities Group’s dividend payout ratio (DPR) is presently -4,878.05%.

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.