LondonMetric Property (LON:LMP) Reaches New 12-Month Low – Time to Sell?

LondonMetric Property Plc (LON:LMP) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 177.93 ($2.24) and last traded at GBX 178.07 ($2.24), with a volume of 69737445 shares traded. The stock had previously closed at GBX 181.30 ($2.28).

Wall Street Analysts Forecast Growth

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

LondonMetric Property Trading Down 1.8 %

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 firm’s fifty day moving average price is GBX 192.38 and its 200-day moving average price is GBX 197.82. The company has a market cap of £3.63 billion, a price-to-earnings ratio of 1,618.82, a P/E/G ratio of 3.27 and a beta of 0.90.

LondonMetric Property Dividend Announcement

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

Insider Activity

In related news, insider Martin McGann sold 500,000 shares of LondonMetric Property stock in a transaction dated Monday, September 30th. The shares were sold at an average price of GBX 204 ($2.56), for a total transaction of £1,020,000 ($1,282,373.65). Corporate insiders own 6.29% of the company’s stock.

LondonMetric Property Company Profile

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.