LondonMetric Property (LON:LMP) Earns Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of LondonMetric Property (LON:LMP - Free Report) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports.

Separately, Citigroup raised shares of LondonMetric Property to a buy rating and set a GBX 251 ($3.36) price target on the stock in a research note on Wednesday, July 31st.

LondonMetric Property Price Performance

The firm has a 50-day simple moving average of GBX 202.41 and a two-hundred day simple moving average of GBX 199.81. The stock has a market capitalization of £4.19 billion, a price-to-earnings ratio of 1,865.45, a P/E/G ratio of 3.27 and a beta of 0.90. LondonMetric Property 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 current ratio of 0.68 and a quick ratio of 0.81.

LondonMetric Property Cuts Dividend

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

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.