Land Securities Group (LON:LAND) Hits New 1-Year Low – Time to Sell?

Land Securities Group Plc (LON:LAND)’s share price reached a new 52-week low on Tuesday . The stock traded as low as GBX 566.50 ($7.19) and last traded at GBX 567.52 ($7.20), with a volume of 3611779 shares changing hands. The stock had previously closed at GBX 570.50 ($7.24).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their price objective on shares of Land Securities Group from GBX 755 ($9.58) to GBX 746 ($9.46) and set a “buy” rating for the company in a research report on Wednesday, December 4th.

Land Securities Group Stock Down 0.1 %

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 has a market cap of £4.25 billion, a P/E ratio of -1,326.74, a PEG ratio of 12.39 and a beta of 1.44. The firm has a 50-day simple moving average of GBX 610.78 and a two-hundred day simple moving average of GBX 629.79.

Land Securities Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, November 28th will be paid a GBX 9.40 ($0.12) dividend. The ex-dividend date is Thursday, November 28th. This is an increase from Land Securities Group’s previous dividend of $9.20. This represents a dividend yield of 1.62%. Land Securities Group’s dividend payout ratio is -9,302.33%.

Land Securities Group Company Profile

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.