Land Securities Group plc (LON:LAND)’s share price traded up 0.7% during mid-day trading on Wednesday . The company traded as high as GBX 1,001.80 ($14.07) and last traded at GBX 1,001.80 ($14.07). 3,255,597 shares were traded during mid-day trading, an increase of 64% from the average session volume of 1,990,000 shares. The stock had previously closed at GBX 995.20 ($13.98).
A number of equities analysts have recently issued reports on the stock. Liberum Capital upgraded shares of Land Securities Group to a “buy” rating and increased their price objective for the company from GBX 1,050 ($14.75) to GBX 1,125 ($15.80) in a research note on Monday, January 8th. Peel Hunt restated a “hold” rating and issued a GBX 950 ($13.34) price objective on shares of Land Securities Group in a research note on Wednesday, January 17th. Numis Securities restated a “hold” rating and issued a GBX 976 ($13.71) price objective on shares of Land Securities Group in a research note on Thursday, November 30th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,200 ($16.85) price objective on shares of Land Securities Group in a research note on Wednesday, November 15th. Finally, Jefferies Group restated a “hold” rating and issued a GBX 860 ($12.08) price objective on shares of Land Securities Group in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Land Securities Group presently has an average rating of “Hold” and a consensus target price of GBX 1,059.67 ($14.88).
The company has a market cap of $7,360.00 and a price-to-earnings ratio of 4,126.67.
Land Securities Group (LON:LAND) last posted its earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.36) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 26.60 ($0.37) by GBX (0.90) (($0.01)). Land Securities Group had a negative return on equity of 0.61% and a negative net margin of 8.59%. The firm had revenue of £366 million during the quarter.
The company also recently announced a dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, November 30th were issued a GBX 9.85 ($0.14) dividend. This represents a dividend yield of 1.07%. The ex-dividend date was Thursday, November 30th.
In related news, insider Robert Noel acquired 18,365 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were purchased at an average price of GBX 933 ($13.10) per share, with a total value of £171,345.45 ($240,619.93). Also, insider Martin F. Greenslade acquired 8,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were bought at an average cost of GBX 924 ($12.98) per share, for a total transaction of £73,920 ($103,805.65).
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Land Securities Group Company Profile
Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and the London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.
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