LondonMetric Property (LON:LMP) Stock Crosses Above 200 Day Moving Average of $194.38

LondonMetric Property Plc (LON:LMP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 194.38 ($2.46) and traded as high as GBX 195.20 ($2.47). LondonMetric Property shares last traded at GBX 193.50 ($2.45), with a volume of 3,104,145 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a research note on Thursday, May 30th.

LondonMetric Property Stock Performance

The company has a market cap of £3.97 billion, a PE ratio of -1,018.42, a P/E/G ratio of 3.27 and a beta of 0.86. The company has a debt-to-equity ratio of 43.79, a quick ratio of 0.81 and a current ratio of 0.47. The stock’s 50-day simple moving average is GBX 200.08 and its 200 day simple moving average is GBX 194.38.

LondonMetric Property Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 22nd. Shareholders of record on Thursday, June 13th will be issued 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 yield of 1.44%. The ex-dividend date of this dividend is Thursday, June 13th. LondonMetric Property’s dividend payout ratio (DPR) is -5,263.16%.

Insider Buying and Selling at LondonMetric Property

In other LondonMetric Property news, insider Andrew Jones sold 239,863 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of GBX 195 ($2.47), for a total transaction of £467,732.85 ($591,617.57). 6.11% of the stock is currently owned by insiders.

LondonMetric Property Company Profile

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.