Land Securities Group (LON:LAND) Shares Pass Above 200-Day Moving Average of $641.76

Posted by Defense World Staff on Sep 25th, 2024

Shares of Land Securities Group Plc (LON:LAND – Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 641.76 ($8.59) and traded as high as GBX 668 ($8.94). Land Securities Group shares last traded at GBX 655.50 ($8.78), with a volume of 1,600,056 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their target price on shares of Land Securities Group from GBX 807 ($10.81) to GBX 755 ($10.11) and set a “buy” rating for the company in a report on Friday, June 7th.

View Our Latest Analysis on LAND

Land Securities Group Stock Down 0.8 %

The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 58.63. The firm has a market capitalization of £4.88 billion, a PE ratio of -1,524.42, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The business has a 50-day moving average price of GBX 640.18 and a 200-day moving average price of GBX 641.76.

Land Securities Group Cuts Dividend

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

Insiders Place Their Bets

In other Land Securities Group news, insider Vanessa Simms sold 82,790 shares of Land Securities Group stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of GBX 631 ($8.45), for a total transaction of £522,404.90 ($699,524.50). Corporate insiders own 0.60% of the company’s stock.

About Land Securities Group

(Get Free Report)

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.