Londonmetric Property PLC Announces Dividend of GBX 1.90 (LMP)
Londonmetric Property PLC (LON:LMP) announced a dividend on Wednesday, August 22nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 30th will be given a dividend of GBX 1.90 ($0.02) per share on Friday, October 5th. This represents a dividend yield of 1.03%. The ex-dividend date is Thursday, August 30th. The official announcement can be viewed at this link.
Shares of LMP stock opened at GBX 184 ($2.35) on Friday. Londonmetric Property has a 52-week low of GBX 149.10 ($1.91) and a 52-week high of GBX 189.10 ($2.42).
Several research firms have weighed in on LMP. Peel Hunt reiterated an “add” rating on shares of Londonmetric Property in a report on Wednesday, July 11th. Liberum Capital reiterated an “add” rating and issued a GBX 205 ($2.62) target price on shares of Londonmetric Property in a report on Monday, July 2nd. Jefferies Financial Group cut their target price on shares of Londonmetric Property from GBX 190 ($2.43) to GBX 180 ($2.30) and set a “hold” rating on the stock in a report on Tuesday, May 29th. Finally, Numis Securities increased their target price on shares of Londonmetric Property from GBX 181 ($2.31) to GBX 187 ($2.39) and gave the stock a “hold” rating in a report on Tuesday, June 5th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 191.13 ($2.44).
About Londonmetric Property
LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and adding value through asset management initiatives and short cycle developments. LondonMetric has 14 million sq ft under management. Further information is available at www.londonmetric.com.
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