Peel Hunt restated their hold rating on shares of Land Securities Group (LON:LAND) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.
LAND has been the subject of a number of other reports. Deutsche Bank lowered shares of Land Securities Group to a hold rating and increased their target price for the stock from GBX 950 ($12.50) to GBX 1,020 ($13.42) in a report on Wednesday, December 18th. Royal Bank of Canada increased their target price on shares of Land Securities Group from GBX 1,075 ($14.14) to GBX 1,100 ($14.47) and gave the stock an outperform rating in a report on Monday, December 16th. Goldman Sachs Group upgraded shares of Land Securities Group to a buy rating and increased their target price for the stock from GBX 957 ($12.59) to GBX 1,080 ($14.21) in a report on Friday, January 17th. Morgan Stanley upgraded shares of Land Securities Group to an overweight rating in a report on Thursday, November 28th. Finally, Citigroup reiterated a sell rating and set a GBX 739 ($9.72) target price on shares of Land Securities Group in a report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 877.33 ($11.54).
Land Securities Group stock opened at GBX 995.80 ($13.10) on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.35 and a debt-to-equity ratio of 39.62. The firm has a 50-day moving average of GBX 967.07 and a 200-day moving average of GBX 895.35. The firm has a market cap of $7.29 billion and a P/E ratio of -23.94. Land Securities Group has a 1-year low of GBX 473.27 ($6.23) and a 1-year high of GBX 1,019.50 ($13.41).
The business also recently disclosed a dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 12th will be issued a GBX 11.60 ($0.15) dividend. The ex-dividend date is Thursday, March 12th. This represents a yield of 1.21%. Land Securities Group’s dividend payout ratio (DPR) is presently -1.11%.
In other Land Securities Group news, insider Robert Noel sold 113,127 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of GBX 966 ($12.71), for a total value of £1,092,806.82 ($1,437,525.41).
About Land Securities Group
At Landsec, we believe great places are for people to experience and are made with the experience of great people. Across 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country. In London, our portfolio totals more than £7.8 billion, and consists of 6.4 million sq ft of real estate.
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