Londonmetric Property PLC (LON:LMP) announced a dividend on Wednesday, November 29th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 7th will be given a dividend of GBX 1.85 ($0.02) per share on Wednesday, January 10th. This represents a dividend yield of 1.06%. The ex-dividend date is Thursday, December 7th. The official announcement can be viewed at this link.
Londonmetric Property (LON:LMP) traded down GBX 5.20 ($0.07) during trading hours on Wednesday, hitting GBX 174.70 ($2.35). 1,738,393 shares of the stock were exchanged, compared to its average volume of 1,500,000. Londonmetric Property has a twelve month low of GBX 138.80 ($1.87) and a twelve month high of GBX 183.70 ($2.47).
Londonmetric Property (LON:LMP) last released its quarterly earnings results on Wednesday, November 29th. The company reported GBX 4.20 ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of GBX 4.20 ($0.06). Londonmetric Property had a net margin of 192.05% and a return on equity of 15.33%. The business had revenue of GBX 4,063 million for the quarter.
In other Londonmetric Property news, insider Martin McGann sold 215,576 shares of Londonmetric Property stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of GBX 164 ($2.21), for a total transaction of £353,544.64 ($475,833.97). Insiders purchased a total of 272,870 shares of company stock valued at $45,328,656 over the last quarter.
A number of research firms recently commented on LMP. Peel Hunt reiterated an “add” rating and issued a GBX 180 ($2.42) target price on shares of Londonmetric Property in a research note on Wednesday, August 9th. Liberum Capital reiterated a “hold” rating and issued a GBX 155 ($2.09) target price on shares of Londonmetric Property in a research note on Monday, October 2nd. Numis Securities reiterated a “hold” rating and issued a GBX 163 ($2.19) target price on shares of Londonmetric Property in a research note on Thursday, October 19th. Jefferies Group reiterated a “hold” rating and issued a GBX 190 ($2.56) target price on shares of Londonmetric Property in a research note on Thursday, November 30th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 195 ($2.62) target price on shares of Londonmetric Property in a research note on Thursday, November 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 181.43 ($2.44).
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Londonmetric Property Company Profile
LondonMetric Property Plc is a property investment and development company. The Company’s segments include Retail, Distribution, Offices, Residential and Development. The Company is involved in retailer-led distribution, out of town and convenience retail. The Company’s portfolio includes distribution and retail businesses across the United Kingdom.
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