Land Securities Group Plc (OTCMKTS:LDSCY) Short Interest Update
by Jessica Moore · The Cerbat GemLand Securities Group Plc (OTCMKTS:LDSCY – Get Free Report) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 112,343 shares, a decline of 15.0% from the December 31st total of 132,232 shares. Based on an average daily volume of 101,664 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 101,664 shares, the days-to-cover ratio is presently 1.1 days.
Wall Street Analysts Forecast Growth
Separately, Panmure Gordon downgraded shares of Land Securities Group to a “hold” rating in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Read Our Latest Analysis on Land Securities Group
Land Securities Group Stock Up 0.1%
OTCMKTS:LDSCY opened at $9.05 on Tuesday. Land Securities Group has a twelve month low of $6.34 and a twelve month high of $9.31. The stock’s 50-day simple moving average is $8.44 and its 200 day simple moving average is $8.13.
Land Securities Group Dividend Announcement
The business also recently declared a dividend, which was paid on Monday, January 26th. Investors of record on Monday, December 1st were issued a dividend of $0.0069 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a dividend yield of 412.0%.
About Land Securities Group
Land Securities Group plc, commonly known as Landsec, is a leading UK-based real estate investment trust focused on commercial property development, investment and management. The company’s portfolio spans retail destinations, office buildings, leisure complexes and mixed-use urban schemes. Landsec leverages its in-house expertise in asset management, leasing and property operations to optimize occupancy and enhance the customer experience across its holdings.
Landsec’s core activities include the development of purpose-built office spaces designed to meet evolving tenant requirements, the repositioning of underperforming retail assets and the creation of destination leisure and entertainment districts.