Land Securities Group (LON:LAND) Hits New 12-Month Low - Time to Sell?

Land Securities Group Plc (LON:LAND - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 566.50 ($7.19) and last traded at GBX 567.52 ($7.20), with a volume of 3611779 shares changing hands. The stock had previously closed at GBX 570.50 ($7.24).

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LAND shares. Shore Capital reaffirmed a "hold" rating on shares of Land Securities Group in a research report on Tuesday. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 550 ($6.98) target price on shares of Land Securities Group in a report on Tuesday. Finally, Berenberg Bank reduced their price objective on Land Securities Group from GBX 755 ($9.58) to GBX 746 ($9.46) and set a "buy" rating on the stock in a research note on Wednesday, December 4th.

Land Securities Group Stock Performance

The company has a debt-to-equity ratio of 58.63, a current ratio of 0.42 and a quick ratio of 0.54. The stock has a market capitalization of £4.26 billion, a price-to-earnings ratio of -1,333.72, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The firm has a fifty day moving average of GBX 610.78 and a 200 day moving average of GBX 629.79.

Land Securities Group Increases Dividend

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