Londonmetric Property’s (LMP) “Add” Rating Reiterated at Peel Hunt

Peel Hunt reissued their add rating on shares of Londonmetric Property (LON:LMP) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports.

LMP has been the topic of a number of other research reports. Liberum Capital restated a hold rating on shares of Londonmetric Property in a report on Thursday, May 23rd. Barclays boosted their price target on Coupa Software from $95.00 to $101.00 and gave the company an equal weight rating in a report on Tuesday, June 4th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on TELUS from C$53.00 to C$55.00 in a report on Thursday, March 14th. Finally, Royal Bank of Canada boosted their price target on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an outperform rating in a report on Monday, June 24th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 207 ($2.70).

Shares of LON:LMP opened at GBX 212.20 ($2.77) on Wednesday. Londonmetric Property has a 1 year low of GBX 171.50 ($2.24) and a 1 year high of GBX 216.40 ($2.83). The stock has a market cap of $1.78 billion and a P/E ratio of 12.41. The company has a debt-to-equity ratio of 46.06, a quick ratio of 0.70 and a current ratio of 0.73. The firm’s 50-day simple moving average is GBX 207.

The company also recently announced a dividend, which was paid on Thursday, July 11th. Shareholders of record on Thursday, June 6th were issued a dividend of GBX 2.50 ($0.03) per share. This is an increase from Londonmetric Property’s previous dividend of $1.90. The ex-dividend date was Thursday, June 6th. This represents a dividend yield of 1.24%. Londonmetric Property’s dividend payout ratio is 0.58%.

In other Londonmetric Property news, insider Martin McGann sold 21,723 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of GBX 209 ($2.73), for a total transaction of £45,401.07 ($59,324.54). Also, insider Valentine Beresford sold 184,200 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of GBX 207 ($2.70), for a total value of £381,294 ($498,228.15).

About Londonmetric Property

LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and enhancing capital values. LondonMetric has 13 million sq ft under management.

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Analyst Recommendations for Londonmetric Property (LON:LMP)

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