Peel Hunt Reaffirms Add Rating for Londonmetric Property (LON:LMP)

Peel Hunt restated their add rating on shares of Londonmetric Property (LON:LMP) in a research note published on Wednesday, ThisIsMoney.Co.Uk reports.

LMP has been the topic of several other research reports. Barclays increased their target price on Coupa Software from $95.00 to $101.00 and gave the company an equal weight rating in a research report on Tuesday, June 4th. They noted that the move was a valuation call. Liberum Capital reaffirmed a hold rating on shares of Londonmetric Property in a research report on Thursday, May 23rd. Royal Bank of Canada increased their target price on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an outperform rating in a research report on Monday, June 24th. Finally, Morgan Stanley increased their target price on TELUS from C$53.00 to C$55.00 in a research report on Thursday, March 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Londonmetric Property presently has an average rating of Hold and an average target price of GBX 207 ($2.70).

Shares of LON:LMP opened at GBX 212.20 ($2.77) on Wednesday. The company has a debt-to-equity ratio of 46.06, a quick ratio of 0.70 and a current ratio of 0.73. The company has a market capitalization of $1.78 billion and a PE ratio of 12.41. The business has a 50 day moving average price of GBX 207. Londonmetric Property has a 52-week low of GBX 171.50 ($2.24) and a 52-week high of GBX 216.40 ($2.83).

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

In related news, insider Valentine Beresford sold 184,200 shares of the firm’s stock in a transaction 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). Also, insider Martin McGann sold 21,723 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of GBX 209 ($2.73), for a total value of £45,401.07 ($59,324.54).

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

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Analyst Recommendations for Londonmetric Property (LON:LMP)

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