LondonMetric Property (LON:LMP) Stock Price Crosses Above 200-Day Moving Average of $186.57

LondonMetric Property Plc (LON:LMP) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 186.57 ($2.30) and traded as high as GBX 196.40 ($2.43). LondonMetric Property shares last traded at GBX 194.70 ($2.40), with a volume of 2,785,648 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Shore Capital reaffirmed a “buy” rating on shares of LondonMetric Property in a research report on Wednesday, March 6th. Berenberg Bank upgraded LondonMetric Property to a “buy” rating and increased their price target for the company from GBX 176 ($2.17) to GBX 229 ($2.83) in a report on Wednesday, March 6th.

LondonMetric Property Stock Performance

The company has a debt-to-equity ratio of 43.79, a current ratio of 0.47 and a quick ratio of 0.81. The firm has a fifty day simple moving average of GBX 193.59 and a 200 day simple moving average of GBX 186.57. The company has a market cap of £4.00 billion, a price-to-earnings ratio of -1,024.74, a P/E/G ratio of 3.27 and a beta of 0.84.

LondonMetric Property Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, April 8th. Shareholders of record on Thursday, February 29th were issued a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date was Thursday, February 29th. This represents a yield of 1.28%. LondonMetric Property’s dividend payout ratio (DPR) is presently -5,263.16%.

Insider Transactions at LondonMetric Property

In related news, insider Katerina Patmore acquired 10,000 shares of the stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of GBX 192 ($2.37) per share, for a total transaction of £19,200 ($23,715.42). 5.14% of the stock is currently owned by corporate insiders.

LondonMetric Property Company Profile

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.