LondonMetric Property (LON:LMP) Shares Pass Above 200 Day Moving Average of $185.54

LondonMetric Property Plc (LON:LMP)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 185.54 ($2.31) and traded as high as GBX 195.60 ($2.43). LondonMetric Property shares last traded at GBX 192.50 ($2.40), with a volume of 4,022,785 shares traded.

Analyst Upgrades and Downgrades

LMP has been the topic of several research reports. Shore Capital reissued a “buy” rating on shares of LondonMetric Property in a research note on Wednesday, March 6th. Berenberg Bank raised shares of LondonMetric Property to a “buy” rating and raised their price target for the stock from GBX 176 ($2.19) to GBX 229 ($2.85) in a research note on Wednesday, March 6th.

LondonMetric Property Trading Up 0.2 %

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 company’s 50 day moving average price is GBX 192.73 and its two-hundred day moving average price is GBX 185.60. The stock has a market capitalization of £3.97 billion, a PE ratio of -1,023.68, a P/E/G ratio of 3.27 and a beta of 0.84.

LondonMetric Property Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Katerina Patmore bought 10,000 shares of LondonMetric Property stock in a transaction on Friday, March 15th. The shares were bought at an average cost of GBX 192 ($2.39) per share, with a total value of £19,200 ($23,901.41). 5.14% of the stock is owned by insiders.

About LondonMetric Property

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.