Land Securities Group Plc (LON:LAND – Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 6.40 ($0.08) and last traded at GBX 640 ($8.10), with a volume of 667963 shares. The stock had previously closed at GBX 641.50 ($8.12).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank assumed coverage on shares of Land Securities Group in a report on Wednesday, January 10th. They set a “buy” rating and a GBX 807 ($10.21) price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 675.33 ($8.55).
Get Our Latest Analysis on LAND
Land Securities Group Stock Performance
Land Securities Group Increases Dividend
The business also recently announced a dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, February 22nd will be issued a GBX 9.30 ($0.12) dividend. This is a boost from Land Securities Group’s previous dividend of $9.20. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a dividend yield of 1.42%. Land Securities Group’s dividend payout ratio is presently -4,878.05%.
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.
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