Land Securities Group (LON:LAND) Share Price Passes Above 200 Day Moving Average of $640.02

Land Securities Group Plc (LON:LAND) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 640.02 ($8.45) and traded as high as GBX 679.03 ($8.97). Land Securities Group shares last traded at GBX 674.50 ($8.91), with a volume of 1,917,545 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reduced their price objective on shares of Land Securities Group from GBX 807 ($10.66) to GBX 755 ($9.97) and set a “buy” rating for the company in a report on Friday, June 7th.

Land Securities Group Stock Performance

The stock has a market cap of £5.06 billion, a P/E ratio of -1,568.60, a PEG ratio of 12.39 and a beta of 1.44. The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 58.63. The company’s 50-day simple moving average is GBX 637.13 and its 200 day simple moving average is GBX 640.02.

Land Securities Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, August 22nd will be given a GBX 9.20 ($0.12) dividend. The ex-dividend date is Thursday, August 22nd. This represents a yield of 1.42%. Land Securities Group’s dividend payout ratio is currently -9,302.33%.

Insider Buying and Selling at Land Securities Group

In other news, insider Vanessa Simms sold 82,790 shares of Land Securities Group stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of GBX 631 ($8.34), for a total transaction of £522,404.90 ($690,098.94). In other news, insider Vanessa Simms sold 82,790 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of GBX 631 ($8.34), for a total transaction of £522,404.90 ($690,098.94). Also, insider Mark Allan sold 152,106 shares of Land Securities Group stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of GBX 624 ($8.24), for a total transaction of £949,141.44 ($1,253,819.60). Corporate insiders own 0.60% of the company’s stock.

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.