LondonMetric Property (LON:LMP) Share Price Crosses Below 200 Day Moving Average – What’s Next?

LondonMetric Property Plc (LON:LMP)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 194.48 ($2.40) and traded as low as GBX 180.20 ($2.23). LondonMetric Property shares last traded at GBX 182.30 ($2.25), with a volume of 4,776,225 shares.

LondonMetric Property Stock Up 0.8 %

The firm has a market capitalization of £3.72 billion, a price-to-earnings ratio of 1,657.27, a PEG ratio of 3.27 and a beta of 0.90. The company has a current ratio of 0.68, a quick ratio of 0.81 and a debt-to-equity ratio of 59.04. The stock has a fifty day moving average of GBX 182.87 and a 200-day moving average of GBX 194.48.

LondonMetric Property (LON:LMP) last posted its quarterly earnings data on Tuesday, November 26th. The company reported GBX 6.60 ($0.08) earnings per share for the quarter. LondonMetric Property had a net margin of 66.68% and a return on equity of 4.02%. As a group, sell-side analysts expect that LondonMetric Property Plc will post 13.7260274 EPS for the current year.

LondonMetric Property Announces Dividend

The company also recently declared a dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 5th were issued a dividend of GBX 2.85 ($0.04) per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 1.5%. LondonMetric Property’s dividend payout ratio is 10,000.00%.

About LondonMetric Property

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.