Land Securities Group Plc (LON:LAND) Insider Sells £522,404.90 in Stock

Land Securities Group Plc (LON:LAND) insider Vanessa Simms sold 82,790 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of GBX 631 ($7.98), for a total value of £522,404.90 ($660,770.17).

Vanessa Simms also recently made the following trade(s):

• On Wednesday, June 5th, Vanessa Simms bought 22 shares of Land Securities Group stock. The stock was bought at an average cost of GBX 668 ($8.45) per share, for a total transaction of £146.96 ($185.88).
• On Wednesday, May 8th, Vanessa Simms purchased 22 shares of Land Securities Group stock. The shares were bought at an average price of £684.40 ($865.67) per share, with a total value of £15,056.80 ($19,044.78).
• On Thursday, April 4th, Vanessa Simms purchased 23 shares of Land Securities Group stock. The stock was purchased at an average price of GBX 636 ($8.04) per share, for a total transaction of £146.28 ($185.02).

Land Securities Group Stock Performance

LAND stock traded up GBX 9 ($0.11) on Wednesday, hitting GBX 637 ($8.06). The company had a trading volume of 1,098,656 shares, compared to its average volume of 2,783,644. The stock has a market cap of £4.74 billion, a price-to-earnings ratio of -1,460.47, a P/E/G ratio of 12.39 and a beta of 1.44. The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 58.63. The stock’s 50-day simple moving average is GBX 648.70 and its 200 day simple moving average is GBX 652.38. Land Securities Group Plc has a 12-month low of GBX 551.20 ($6.97) and a 12-month high of GBX 729.40 ($9.23).

Land Securities Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 26th. Investors of record on Thursday, June 13th will be given a dividend of GBX 12.10 ($0.15) per share. This represents a yield of 1.75%. The ex-dividend date is Thursday, June 13th. This is a boost from Land Securities Group’s previous dividend of $9.30. Land Securities Group’s dividend payout ratio is -9,302.33%.

Analyst Ratings Changes

Several research analysts have recently issued reports on LAND shares. Berenberg Bank dropped their target price on shares of Land Securities Group from GBX 807 ($10.21) to GBX 755 ($9.55) and set a “buy” rating on the stock in a research note on Friday, June 7th. Shore Capital reiterated a “hold” rating on shares of Land Securities Group in a research note on Friday, May 17th. Finally, Barclays boosted their price target on Land Securities Group from GBX 700 ($8.85) to GBX 730 ($9.23) and gave the stock an “overweight” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Land Securities Group presently has a consensus rating of “Hold” and an average target price of GBX 650 ($8.22).

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.