Land Securities Group's (LAND) Hold Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their hold rating on shares of Land Securities Group (LON:LAND - Free Report) in a report published on Tuesday morning, MarketBeat Ratings reports.

Separately, Berenberg Bank dropped their price target on Land Securities Group from GBX 755 ($9.60) to GBX 746 ($9.48) and set a "buy" rating on the stock in a research report on Wednesday, December 4th.

Land Securities Group Stock Up 0.3 %

Land Securities Group stock traded up GBX 1.50 ($0.02) during midday trading on Tuesday, hitting GBX 572 ($7.27). The stock had a trading volume of 2,560,198 shares, compared to its average volume of 3,006,292. The business has a fifty day moving average price of GBX 610.78 and a 200 day moving average price of GBX 629.79. Land Securities Group has a 12 month low of GBX 565 ($7.18) and a 12 month high of GBX 729.40 ($9.27). The stock has a market cap of £4.26 billion, a P/E ratio of -1,333.72, a P/E/G ratio of 12.39 and a beta of 1.44. The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 58.63.

Land Securities Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, November 28th will be given a dividend of GBX 9.40 ($0.12) per share. The ex-dividend date is Thursday, November 28th. This represents a yield of 1.62%. This is a positive change from Land Securities Group's previous dividend of $9.20. Land Securities Group's payout ratio is currently -9,302.33%.

About Land Securities Group

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.