LondonMetric Property (LON:LMP) Hits New 1-Year Low – Here’s Why

by · The Cerbat Gem

LondonMetric Property Plc (LON:LMP – Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 173.50 ($2.13) and last traded at GBX 175.30 ($2.16), with a volume of 2321188 shares trading hands. The stock had previously closed at GBX 177.60 ($2.19).

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on LondonMetric Property

LondonMetric Property Stock Performance

The stock has a market cap of £3.50 billion, a price-to-earnings ratio of 1,560.91, a P/E/G ratio of 3.27 and a beta of 0.90. The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 59.04. The company has a 50 day simple moving average of GBX 185.12 and a 200 day simple moving average of GBX 195.41.

LondonMetric Property Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, December 5th will be given 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 10,000.00%.

LondonMetric Property Company Profile

(Get Free Report)

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.

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