LondonMetric Property (LON:LMP) Reaches New 1-Year Low - Here's Why

LondonMetric Property Plc (LON:LMP - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 173.50 ($2.14) and last traded at GBX 175.30 ($2.17), with a volume of 2321188 shares. The stock had previously closed at GBX 177.60 ($2.20).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "buy" rating on shares of LondonMetric Property in a research report on Tuesday, September 24th.

LondonMetric Property Trading Down 2.9 %

The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.81 and a current ratio of 0.68. The company has a market cap of £3.52 billion, a price-to-earnings ratio of 1,568.18, a P/E/G ratio of 3.27 and a beta of 0.90. The company's fifty day moving average is GBX 186.03 and its two-hundred day moving average is GBX 195.73.

LondonMetric Property Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, December 5th will be given a dividend of GBX 2.85 ($0.04) per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 1.5%. LondonMetric Property's dividend payout ratio is presently 10,000.00%.

LondonMetric Property Company Profile

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.