LondonMetric Property Plc (LON:LMP) Insider Sells £1,020,000 in Stock

LondonMetric Property Plc (LON:LMP - Get Free Report) insider Martin McGann sold 500,000 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of GBX 204 ($2.73), for a total transaction of £1,020,000 ($1,364,365.97).

LondonMetric Property Price Performance

Shares of LMP stock traded up GBX 3.20 ($0.04) during mid-day trading on Tuesday, reaching GBX 208 ($2.78). The company's stock had a trading volume of 6,052,240 shares, compared to its average volume of 7,133,990. The firm's 50-day moving average is GBX 202.71 and its two-hundred day moving average is GBX 200.16. The company has a market cap of £4.24 billion, a P/E ratio of 1,890.91, a PEG ratio of 3.27 and a beta of 0.90. LondonMetric Property Plc has a 1-year low of GBX 152.30 ($2.04) and a 1-year high of GBX 210.80 ($2.82). The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.81 and a current ratio of 0.68.

LondonMetric Property Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Thursday, August 29th will be issued a GBX 2.85 ($0.04) dividend. This represents a dividend yield of 1.41%. The ex-dividend date is Thursday, August 29th. LondonMetric Property's payout ratio is 10,000.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LMP shares. Citigroup upgraded shares of LondonMetric Property to a "buy" rating and set a GBX 251 ($3.36) target price for the company in a research report on Wednesday, July 31st. Shore Capital reaffirmed a "buy" rating on shares of LondonMetric Property in a research report on Tuesday, September 24th.

LondonMetric Property Company Profile

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a grocery-led long income portfolio, with 17 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.