Jefferies Financial Group restated their underperform rating on shares of Land Securities Group (LON:LAND – Free Report) in a research note issued to investors on Wednesday, Digital Look reports. Jefferies Financial Group currently has a GBX 465 ($5.71) target price on the stock.
Several other equities analysts also recently weighed in on LAND. Shore Capital restated a hold rating on shares of Land Securities Group in a research report on Tuesday, November 14th. Morgan Stanley downgraded Land Securities Group to an equal weight rating and decreased their target price for the company from GBX 750 ($9.21) to GBX 650 ($7.98) in a research report on Monday, September 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Land Securities Group presently has a consensus rating of Hold and an average target price of GBX 649 ($7.97).
Land Securities Group Stock Up 2.1 %
Land Securities Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 23rd will be paid a GBX 9.20 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, November 23rd. This is a boost from Land Securities Group’s previous dividend of $9.00. This represents a dividend yield of 1.52%. Land Securities Group’s payout ratio is presently -4,642.86%.
In other news, insider Miles Roberts acquired 3,645 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of GBX 653 ($8.02) per share, with a total value of £23,801.85 ($29,229.83). Insiders own 0.68% of the company’s stock.
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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