Land Securities Group (LON:LAND) Share Price Crosses Above 200-Day Moving Average of $629.68

Land Securities Group plc (LON:LAND – Get Rating) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 629.68 ($7.68) and traded as high as GBX 701.80 ($8.56). Land Securities Group shares last traded at GBX 698.60 ($8.52), with a volume of 1,336,661 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their target price on Land Securities Group from GBX 780 ($9.52) to GBX 680 ($8.30) and set an “overweight” rating for the company in a research report on Thursday, November 24th.

Land Securities Group Stock Performance

The company has a market capitalization of £5.18 billion and a P/E ratio of 1,293.70. The business has a 50-day moving average of GBX 638.40 and a 200-day moving average of GBX 629.68. The company has a debt-to-equity ratio of 48.78, a current ratio of 0.75 and a quick ratio of 0.54.

Land Securities Group Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 3rd. Investors of record on Thursday, November 24th were given a GBX 9 ($0.11) dividend. The ex-dividend date was Thursday, November 24th. This is an increase from Land Securities Group’s previous dividend of $8.60. This represents a yield of 1.44%. Land Securities Group’s dividend payout ratio (DPR) is currently 71.48%.

Insider Buying and Selling

In related news, insider Vanessa Simms sold 2,768 shares of the firm’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of GBX 616 ($7.52), for a total value of £17,050.88 ($20,806.44).

About Land Securities Group

(Get Rating)

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 £11 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.