LondonMetric Property (LON:LMP) Share Price Passes Above 200 Day Moving Average of $180.65

LondonMetric Property Plc (LON:LMPGet Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 180.65 ($2.26) and traded as high as GBX 193.10 ($2.42). LondonMetric Property shares last traded at GBX 187.70 ($2.35), with a volume of 2,231,676 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of LondonMetric Property in a report on Monday, January 8th.

Read Our Latest Report on LMP

LondonMetric Property Stock Down 0.4 %

The company has a market cap of Ā£2.04 billion, a price-to-earnings ratio of -987.89, a PEG ratio of 3.27 and a beta of 0.85. The company has a quick ratio of 0.81, a current ratio of 0.47 and a debt-to-equity ratio of 43.79. The business has a 50-day simple moving average of GBX 189.41 and a two-hundred day simple moving average of GBX 180.65.

LondonMetric Property Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, November 30th were paid a GBX 2.40 ($0.03) dividend. The ex-dividend date was Thursday, November 30th. This represents a dividend yield of 1.33%. LondonMetric Property’s dividend payout ratio is currently -5,263.16%.

LondonMetric Property Company Profile

(Get Free Report)

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a grocery-led long income portfolio, with 17 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.

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