LondonMetric Property (LON:LMP) Shares Pass Below Two Hundred Day Moving Average - Time to Sell?

LondonMetric Property Plc (LON:LMP - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 200.67 ($2.58) and traded as low as GBX 191.34 ($2.46). LondonMetric Property shares last traded at GBX 192 ($2.47), with a volume of 4,178,819 shares.

Analysts Set New Price Targets

Several research firms recently commented on LMP. Citigroup raised LondonMetric Property to a "buy" rating and set a GBX 251 ($3.23) price objective on the stock in a research report on Wednesday, July 31st. Shore Capital reissued a "buy" rating on shares of LondonMetric Property in a research note on Tuesday, September 24th.

LondonMetric Property Stock Down 1.6 %

The company has a 50-day moving average of GBX 201.61 and a 200-day moving average of GBX 200.63. The company has a market capitalization of £3.85 billion, a price-to-earnings ratio of 1,730.00, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The company has a current ratio of 0.68, a quick ratio of 0.81 and a debt-to-equity ratio of 59.04.

LondonMetric Property Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, August 29th were given a dividend of GBX 2.85 ($0.04) per share. The ex-dividend date was Thursday, August 29th. This represents a yield of 1.41%. LondonMetric Property's dividend payout ratio is currently 10,000.00%.

Insider Activity

In related news, insider Martin McGann sold 500,000 shares of the business's stock in a transaction on Monday, September 30th. The stock was sold at an average price of GBX 204 ($2.63), for a total value of £1,020,000 ($1,312,572.38). Company insiders own 6.29% of the company's stock.

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.