Land Securities Group (LON:LAND) Stock Price Passes Above 200-Day Moving Average of $652.34

Land Securities Group Plc (LON:LAND) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 652.34 ($8.29) and traded as high as GBX 652.50 ($8.29). Land Securities Group shares last traded at GBX 649.50 ($8.25), with a volume of 1,408,918 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LAND shares. Barclays raised their price target on Land Securities Group from GBX 700 ($8.90) to GBX 730 ($9.28) and gave the company an “overweight” rating in a research note on Friday, May 3rd. Shore Capital reaffirmed a “hold” rating on shares of Land Securities Group in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 663 ($8.43).

Land Securities Group Stock Up 0.6 %

The company has a debt-to-equity ratio of 56.72, a current ratio of 0.49 and a quick ratio of 0.54. The company has a market capitalization of £4.84 billion, a price-to-earnings ratio of -792.07, a P/E/G ratio of 12.39 and a beta of 1.44. The firm’s fifty day moving average price is GBX 650.57 and its 200-day moving average price is GBX 652.70.

Land Securities Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 13th will be issued a dividend of GBX 12.10 ($0.15) per share. This represents a yield of 1.75%. This is a positive change from Land Securities Group’s previous dividend of $9.30. The ex-dividend date is Thursday, June 13th. Land Securities Group’s payout ratio is presently -4,878.05%.

Insider Activity

In related news, insider Vanessa Simms acquired 22 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of £684.40 ($869.85) per share, for a total transaction of £15,056.80 ($19,136.76). Over the last 90 days, insiders acquired 69 shares of company stock valued at $1,535,260. Insiders own 0.55% 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.