LondonMetric Property (LON:LMP) Stock Passes Above 200 Day Moving Average of $194.44

Shares of LondonMetric Property Plc (LON:LMP) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 194.44 ($2.49) and traded as high as GBX 202.04 ($2.59). LondonMetric Property shares last traded at GBX 201.80 ($2.58), with a volume of 3,646,594 shares traded.

Wall Street Analyst Weigh In

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

LondonMetric Property Trading Up 1.1 %

The company has a current ratio of 0.47, a quick ratio of 0.81 and a debt-to-equity ratio of 43.79. The company has a market capitalization of £4.12 billion, a price-to-earnings ratio of -1,062.11, a PEG ratio of 3.27 and a beta of 0.86. The company has a fifty day moving average of GBX 199.82 and a 200-day moving average of GBX 194.44.

LondonMetric Property Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, July 22nd. Stockholders of record on Thursday, June 13th will be issued a dividend of GBX 3 ($0.04) per share. This is a boost from LondonMetric Property’s previous dividend of $2.40. This represents a dividend yield of 1.44%. The ex-dividend date is Thursday, June 13th. LondonMetric Property’s payout ratio is currently -5,263.16%.

Insider Activity at LondonMetric Property

In related news, insider Andrew Jones sold 239,863 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of GBX 195 ($2.50), for a total value of £467,732.85 ($599,119.83). 6.11% of the stock is currently owned by insiders.

About LondonMetric Property

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.