Londonmetric Property PLC (LON:LMP) insider Valentine Beresford sold 184,200 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of GBX 207 ($2.70), for a total value of £381,294 ($498,228.15).

Shares of LMP opened at GBX 205.60 ($2.69) on Friday. The company has a market cap of $1.43 billion and a PE ratio of 12.02. Londonmetric Property PLC has a twelve month low of GBX 171.50 ($2.24) and a twelve month high of GBX 210.40 ($2.75). The company has a debt-to-equity ratio of 46.06, a current ratio of 0.73 and a quick ratio of 0.70.

The firm also recently declared a dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 6th will be paid a dividend of GBX 2.50 ($0.03) per share. This is a boost from Londonmetric Property’s previous dividend of $1.90. This represents a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, June 6th. Londonmetric Property’s dividend payout ratio (DPR) is currently 0.58%.

Several brokerages have recently weighed in on LMP. Barclays raised their price target on shares of Londonmetric Property from GBX 195 ($2.55) to GBX 210 ($2.74) and gave the stock an “overweight” rating in a research note on Tuesday, June 4th. Royal Bank of Canada raised their price target on shares of Londonmetric Property from GBX 205 ($2.68) to GBX 215 ($2.81) and gave the stock a “sector performer” rating in a research note on Friday, May 31st. Liberum Capital reaffirmed a “hold” rating on shares of Londonmetric Property in a research note on Thursday, May 23rd. Peel Hunt reaffirmed an “add” rating on shares of Londonmetric Property in a research note on Wednesday, May 8th. Finally, Morgan Stanley raised their price target on shares of Londonmetric Property from GBX 190 ($2.48) to GBX 200 ($2.61) and gave the stock an “equal weight” rating in a research note on Thursday, March 14th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 200.83 ($2.62).

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Londonmetric Property Company Profile

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 enhancing capital values. LondonMetric has 13 million sq ft under management.

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