Land Securities Group plc (LAND) Releases Quarterly Earnings Results, Misses Expectations By $0.90 EPS
Land Securities Group plc (LON:LAND) released its quarterly earnings results on Tuesday. The company reported GBX 25.70 ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 26.60 ($0.35) by GBX (0.90) (($0.01)), Bloomberg Earnings reports. Land Securities Group plc had a return on equity of 3.63% and a net margin of 50.86%. The company had revenue of GBX 3,660 billion for the quarter.
Shares of Land Securities Group plc (LON:LAND) opened at GBX 935.40 ($12.30) on Tuesday. Land Securities Group plc has a 52 week low of GBX 933 ($12.27) and a 52 week high of GBX 1,141 ($15.01).
In other Land Securities Group plc news, insider Alison J. Carnwath bought 10,050 shares of Land Securities Group plc stock in a transaction that occurred on Monday, September 18th. The shares were purchased at an average cost of GBX 978 ($12.86) per share, for a total transaction of £98,289 ($129,276.60).
A number of research analysts recently weighed in on the company. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,050 ($13.81) price objective on shares of Land Securities Group plc in a report on Tuesday. Peel Hunt reaffirmed an “add” rating and set a GBX 1,150 ($15.13) price objective on shares of Land Securities Group plc in a report on Tuesday. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 1,025 ($13.48) price objective on shares of Land Securities Group plc in a report on Thursday, July 27th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 1,140 ($14.99) price objective on shares of Land Securities Group plc in a report on Wednesday, September 13th. Finally, Deutsche Bank AG upped their target price on Land Securities Group plc from GBX 1,000 ($13.15) to GBX 1,050 ($13.81) and gave the company a “hold” rating in a report on Monday, September 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Land Securities Group plc presently has a consensus rating of “Hold” and an average target price of GBX 1,109 ($14.59).
About Land Securities Group plc
Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and the London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.
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