LondonMetric Property (LON:LMP) Share Price Passes Below 200-Day Moving Average – Here’s Why

LondonMetric Property Plc (LON:LMP) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 195.96 ($2.43) and traded as low as GBX 178.20 ($2.21). LondonMetric Property shares last traded at GBX 178.90 ($2.22), with a volume of 2,529,639 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of LondonMetric Property in a report on Tuesday, September 24th.

LondonMetric Property Stock Down 0.5 %

The stock has a market cap of £3.65 billion, a P/E ratio of 1,626.36, a P/E/G 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 firm’s fifty day moving average is GBX 186.83 and its 200 day moving average is GBX 195.96.

LondonMetric Property Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, December 5th will be given a dividend of GBX 2.85 ($0.04) per share. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 1.5%. LondonMetric Property’s dividend payout ratio is presently 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.