LondonMetric Property (LON:LMP) Share Price Passes Above 200 Day Moving Average of $185.54

LondonMetric Property Plc (LON:LMP)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 185.54 ($2.31) and traded as high as GBX 195.60 ($2.43). LondonMetric Property shares last traded at GBX 192.50 ($2.40), with a volume of 4,022,785 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LMP shares. Berenberg Bank upgraded shares of LondonMetric Property to a “buy” rating and upped their price target for the company from GBX 176 ($2.19) to GBX 229 ($2.85) in a research report on Wednesday, March 6th. Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a report on Wednesday, March 6th.

LondonMetric Property Stock Down 0.9 %

The firm has a market cap of £3.93 billion, a P/E ratio of -1,013.16, a P/E/G ratio of 3.27 and a beta of 0.84. The company has a debt-to-equity ratio of 43.79, a current ratio of 0.47 and a quick ratio of 0.81. The stock’s 50 day simple moving average is GBX 192.61 and its two-hundred day simple moving average is GBX 185.54.

LondonMetric Property Announces Dividend

The business also recently announced a dividend, which was paid on Monday, April 8th. Investors of record on Thursday, February 29th were issued a GBX 2.40 ($0.03) dividend. This represents a yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 29th. LondonMetric Property’s dividend payout ratio is currently -5,263.16%.

Insider Buying and Selling

In related news, insider Katerina Patmore bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of GBX 192 ($2.39) per share, for a total transaction of £19,200 ($23,901.41). 5.14% of the stock is currently owned by corporate insiders.

LondonMetric Property Company Profile

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a grocery-led long income portfolio, with 17 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.