Moni Mannings Purchases 4,643 Shares of Land Securities Group Plc (LON:LAND) Stock

Land Securities Group Plc (LON:LANDGet Free Report) insider Moni Mannings purchased 4,643 shares of Land Securities Group stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average price of GBX 646 ($8.25) per share, with a total value of £29,993.78 ($38,306.23).

Land Securities Group Stock Performance

LON:LAND opened at GBX 659.50 ($8.42) on Friday. The stock has a fifty day moving average price of GBX 651.94 and a 200-day moving average price of GBX 654. The company has a market cap of £4.91 billion, a price-to-earnings ratio of -1,533.72, a PEG ratio of 12.39 and a beta of 1.44. The company has a debt-to-equity ratio of 58.63, a quick ratio of 0.54 and a current ratio of 0.42. Land Securities Group Plc has a fifty-two week low of GBX 551.20 ($7.04) and a fifty-two week high of GBX 729.40 ($9.32).

Land Securities Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, June 13th will be given a dividend of GBX 12.10 ($0.15) per share. This represents a dividend yield of 1.75%. This is an increase from Land Securities Group’s previous dividend of $9.30. The ex-dividend date of this dividend is Thursday, June 13th. Land Securities Group’s dividend payout ratio is presently -9,302.33%.

Analyst Ratings Changes

LAND has been the subject of several recent research reports. Shore Capital restated a “hold” rating on shares of Land Securities Group in a research note on Friday, May 17th. Barclays boosted their price target on Land Securities Group from GBX 700 ($8.94) to GBX 730 ($9.32) and gave the company an “overweight” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 663 ($8.47).

Read Our Latest Stock Report on LAND

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.

Further Reading

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