Land Securities Group (LON:LAND) Sets New 52-Week Low - Should You Sell?

Land Securities Group Plc (LON:LAND - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 531.83 ($6.49) and last traded at GBX 533.50 ($6.51), with a volume of 3748295 shares trading hands. The stock had previously closed at GBX 540.50 ($6.60).

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LAND. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 550 ($6.71) price objective on shares of Land Securities Group in a research note on Tuesday, December 17th. Berenberg Bank dropped their price target on shares of Land Securities Group from GBX 755 ($9.22) to GBX 746 ($9.11) and set a "buy" rating on the stock in a research note on Wednesday, December 4th. Finally, Shore Capital reissued a "hold" rating on shares of Land Securities Group in a research report on Tuesday, December 17th.

Land Securities Group Stock Down 0.2 %

The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 58.63. The business's 50 day simple moving average is GBX 584.94 and its 200 day simple moving average is GBX 618.84. The firm has a market capitalization of £3.97 billion, a PE ratio of -1,238.37, a PEG ratio of 12.39 and a beta of 1.44.

Land Securities Group Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, November 28th were paid a dividend of GBX 9.40 ($0.11) per share. This is a positive change from Land Securities Group's previous dividend of $9.20. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, November 28th. Land Securities Group's dividend payout ratio (DPR) is currently -9,302.33%.

Land Securities Group Company Profile

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.