LondonMetric Property (LON:LMP) Stock Crosses Above 200-Day Moving Average of $194.45

LondonMetric Property Plc (LON:LMP)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 194.45 ($2.47) and traded as high as GBX 196.40 ($2.49). LondonMetric Property shares last traded at GBX 192.90 ($2.45), with a volume of 4,126,290 shares trading hands.

Analyst Ratings Changes

LMP has been the subject of several analyst reports. Berenberg Bank upgraded shares of LondonMetric Property to a “buy” rating and increased their price objective for the company from GBX 176 ($2.23) to GBX 229 ($2.90) in a research note on Wednesday, March 6th. Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a research note on Thursday, May 30th.

LondonMetric Property Stock Down 0.5 %

The stock’s 50-day moving average price is GBX 200.37 and its two-hundred day moving average price is GBX 194.45. The stock has a market capitalization of £3.94 billion, a P/E ratio of -1,015.26, a P/E/G ratio of 3.27 and a beta of 0.86. The company has a current ratio of 0.47, a quick ratio of 0.81 and a debt-to-equity ratio of 43.79.

LondonMetric Property Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, July 22nd. Stockholders of record on Thursday, June 13th will be given a dividend of GBX 3 ($0.04) per share. This is an increase from LondonMetric Property’s previous dividend of $2.40. This represents a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, June 13th. LondonMetric Property’s dividend payout ratio is currently -5,263.16%.

Insider Activity

In other news, insider Andrew Jones sold 239,863 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of GBX 195 ($2.47), for a total transaction of £467,732.85 ($593,343.71). Insiders own 6.11% of the company’s stock.

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.