Liberum Capital reaffirmed their hold rating on shares of Londonmetric Property (LON:LMP) in a research note issued to investors on Wednesday morning.
A number of other brokerages also recently commented on LMP. Numis Securities upped their target price on shares of Londonmetric Property from GBX 181 ($2.41) to GBX 187 ($2.49) and gave the stock a hold rating in a research note on Tuesday, June 5th. Peel Hunt restated an add rating and issued a GBX 195 ($2.60) target price on shares of Londonmetric Property in a research note on Thursday, April 12th. Jefferies Financial Group dropped their target price on shares of Londonmetric Property from GBX 190 ($2.53) to GBX 180 ($2.40) and set a hold rating on the stock in a research note on Tuesday, May 29th. Finally, Morgan Stanley upgraded shares of Londonmetric Property to an equal weight rating and upped their target price for the stock from GBX 175 ($2.33) to GBX 190 ($2.53) in a research note on Tuesday, March 13th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 188.63 ($2.51).
Shares of Londonmetric Property opened at GBX 187 ($2.49) on Wednesday, Marketbeat.com reports. Londonmetric Property has a one year low of GBX 149.10 ($1.99) and a one year high of GBX 189.10 ($2.52).
The firm also recently disclosed a dividend, which will be paid on Wednesday, July 11th. Stockholders of record on Thursday, June 7th will be paid a dividend of GBX 2.35 ($0.03) per share. The ex-dividend date of this dividend is Thursday, June 7th. This is an increase from Londonmetric Property’s previous dividend of $1.85. This represents a dividend yield of 1.21%.
In other news, insider Mark Stirling sold 209,409 shares of the stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of GBX 188 ($2.50), for a total transaction of £393,688.92 ($524,149.81). Also, insider Patrick Vaughan sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of GBX 192 ($2.56), for a total transaction of £576,000 ($766,875.25).
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 13 million sq ft under management. Further information is available at www.londonmetric.com.
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