LondonMetric Property (LON:LMP) Reaches New 52-Week Low - Time to Sell?

LondonMetric Property Plc (LON:LMP - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as GBX 177.93 ($2.24) and last traded at GBX 178.07 ($2.24), with a volume of 69737445 shares. The stock had previously closed at GBX 181.30 ($2.28).

Analyst Ratings Changes

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

LondonMetric Property Price Performance

The firm has a market cap of £3.58 billion, a P/E ratio of 1,596.36, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The company has a debt-to-equity ratio of 59.04, a current ratio of 0.68 and a quick ratio of 0.81. The firm's 50 day moving average is GBX 192.38 and its 200 day moving average is GBX 197.82.

LondonMetric Property Dividend Announcement

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

Insider Buying and Selling at LondonMetric Property

In other news, insider Martin McGann sold 500,000 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of GBX 204 ($2.56), for a total transaction of £1,020,000 ($1,282,373.65). 6.29% of the stock is owned by company insiders.

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.