LondonMetric Property Plc (LON:LMP) Insider Martin McGann Sells 500,000 Shares

LondonMetric Property Plc (LON:LMP) insider Martin McGann sold 500,000 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of GBX 204 ($2.73), for a total value of £1,020,000 ($1,364,365.97).

LondonMetric Property Price Performance

Shares of LON LMP opened at GBX 208 ($2.78) on Wednesday. The company has a debt-to-equity ratio of 59.04, a current ratio of 0.68 and a quick ratio of 0.81. The business has a 50-day moving average of GBX 202.71 and a 200-day moving average of GBX 200.16. The stock has a market capitalization of £4.24 billion, a price-to-earnings ratio of 1,890.91, a PEG ratio of 3.27 and a beta of 0.90. LondonMetric Property Plc has a fifty-two week low of GBX 152.30 ($2.04) and a fifty-two week high of GBX 210.80 ($2.82).

LondonMetric Property Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Thursday, August 29th will be paid a GBX 2.85 ($0.04) dividend. The ex-dividend date is Thursday, August 29th. This represents a yield of 1.41%. LondonMetric Property’s dividend payout ratio is 10,000.00%.

Analyst Ratings Changes

LMP has been the topic of several research reports. Citigroup upgraded LondonMetric Property to a “buy” rating and set a GBX 251 ($3.36) target price on the stock in a research note on Wednesday, July 31st. Shore Capital reissued a “buy” rating on shares of LondonMetric Property in a research report on Tuesday, September 24th.

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.