Land Securities Group (LON:LAND) Stock Price Crosses Above 200-Day Moving Average of $629.20

Land Securities Group Plc (LON:LANDGet Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 629.20 ($7.89) and traded as high as GBX 662.20 ($8.30). Land Securities Group shares last traded at GBX 650.20 ($8.15), with a volume of 15,117,755 shares changing hands.

Analysts Set New Price Targets

LAND has been the topic of a number of analyst reports. Berenberg Bank initiated coverage on Land Securities Group in a research report on Wednesday, January 10th. They set a “buy” rating and a GBX 807 ($10.12) price objective on the stock. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 465 ($5.83) price objective on shares of Land Securities Group in a research report on Wednesday, November 15th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Land Securities Group in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 675.33 ($8.47).

Read Our Latest Report on Land Securities Group

Land Securities Group Price Performance

The firm has a 50 day moving average of GBX 676.25 and a 200-day moving average of GBX 629.20. The company has a market cap of £4.82 billion, a P/E ratio of -792.93, a P/E/G ratio of 12.39 and a beta of 1.45. The company has a current ratio of 0.49, a quick ratio of 0.54 and a debt-to-equity ratio of 56.72.

Land Securities Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, February 22nd will be paid a dividend of GBX 9.30 ($0.12) per share. This represents a yield of 1.42%. The ex-dividend date of this dividend is Thursday, February 22nd. This is an increase from Land Securities Group’s previous dividend of $9.20. Land Securities Group’s dividend payout ratio (DPR) is -4,756.10%.

Insider Activity at Land Securities Group

In other news, insider Miles Roberts acquired 3,645 shares of Land Securities Group stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of GBX 653 ($8.19) per share, with a total value of £23,801.85 ($29,838.10). 0.61% of the stock is owned by corporate insiders.

Land Securities Group Company Profile

(Get Free Report)

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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