LondonMetric Property (LON:LMP) Reaches New 12-Month Low – Time to Sell?

LondonMetric Property Plc (LON:LMP)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 177.93 ($2.24) and last traded at GBX 178.07 ($2.24), with a volume of 69737445 shares traded. The stock had previously closed at GBX 181.30 ($2.28).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a report on Tuesday, September 24th.

LondonMetric Property Stock Performance

The company has a current ratio of 0.68, a quick ratio of 0.81 and a debt-to-equity ratio of 59.04. The company has a market capitalization of £3.63 billion, a price-to-earnings ratio of 1,618.82, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The stock has a 50-day simple moving average of GBX 192.38 and a 200-day simple moving average of GBX 197.82.

LondonMetric Property Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, December 5th will be issued a dividend of GBX 2.85 ($0.04) per share. This represents a yield of 1.5%. The ex-dividend date is Thursday, December 5th. LondonMetric Property’s dividend payout ratio is currently 10,000.00%.

Insider Activity

In related news, insider Martin McGann sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of GBX 204 ($2.56), for a total transaction of £1,020,000 ($1,282,373.65). Company insiders own 6.29% of the company’s stock.

About LondonMetric Property

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.