Land Securities Group Plc (LON:LAND) Insider Vanessa Simms Sells 82,790 Shares

Land Securities Group Plc (LON:LAND) insider Vanessa Simms sold 82,790 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of GBX 631 ($7.98), for a total transaction of £522,404.90 ($660,770.17).

Vanessa Simms also recently made the following trade(s):

• On Wednesday, June 5th, Vanessa Simms bought 22 shares of Land Securities Group stock. The stock was acquired at an average price of GBX 668 ($8.45) per share, for a total transaction of £146.96 ($185.88).
• On Wednesday, May 8th, Vanessa Simms bought 22 shares of Land Securities Group stock. The stock was acquired at an average price of £684.40 ($865.67) per share, for a total transaction of £15,056.80 ($19,044.78).
• On Thursday, April 4th, Vanessa Simms bought 23 shares of Land Securities Group stock. The stock was acquired at an average price of GBX 636 ($8.04) per share, for a total transaction of £146.28 ($185.02).

Land Securities Group Trading Up 1.4 %

Shares of LAND stock opened at GBX 637 ($8.06) on Thursday. The company has a 50 day moving average of GBX 648.69 and a 200-day moving average of GBX 652.27. The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 58.63. Land Securities Group Plc has a 12-month low of GBX 551.20 ($6.97) and a 12-month high of GBX 729.40 ($9.23). The firm has a market cap of £4.74 billion, a P/E ratio of -1,481.40, a PEG ratio of 12.39 and a beta of 1.44.

Land Securities Group Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LAND shares. Barclays upped their target price on shares of Land Securities Group from GBX 700 ($8.85) to GBX 730 ($9.23) and gave the stock an “overweight” rating in a report on Friday, May 3rd. Shore Capital restated a “hold” rating on shares of Land Securities Group in a report on Friday, May 17th. Finally, Berenberg Bank lowered their target price on shares of Land Securities Group from GBX 807 ($10.21) to GBX 755 ($9.55) and set a “buy” rating on the stock in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Land Securities Group currently has an average rating of “Hold” and an average price target of GBX 650 ($8.22).

About Land Securities Group

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.