Land Securities Group (LON:LAND) Hits New 52-Week Low - Time to Sell?

Land Securities Group Plc (LON:LAND - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 555.50 ($6.87) and last traded at GBX 564.50 ($6.98), with a volume of 9608380 shares changing hands. The stock had previously closed at GBX 572.50 ($7.08).

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LAND shares. Shore Capital reaffirmed a "hold" rating on shares of Land Securities Group in a research note on Tuesday, December 17th. Berenberg Bank reduced their price objective on shares of Land Securities Group from GBX 755 ($9.33) to GBX 746 ($9.22) and set a "buy" rating on the stock in a research report on Wednesday, December 4th. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 550 ($6.80) target price on shares of Land Securities Group in a research report on Tuesday, December 17th.

Land Securities Group Price Performance

The company has a debt-to-equity ratio of 58.63, a quick ratio of 0.54 and a current ratio of 0.42. The firm has a fifty day simple moving average of GBX 591.10 and a two-hundred day simple moving average of GBX 621.37. The firm has a market cap of £4.16 billion, a PE ratio of -1,300.00, 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 will be paid on Wednesday, January 8th. Investors of record on Thursday, November 28th will be paid a dividend of GBX 9.40 ($0.12) per share. This is an increase from Land Securities Group's previous dividend of $9.20. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 1.62%. Land Securities Group's dividend payout ratio is presently -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.