Insider Buying: Land Securities Group Plc (LON:LAND) Insider Purchases 26 Shares of Stock

Land Securities Group Plc (LON:LAND) insider Vanessa Simms bought 26 shares of Land Securities Group stock in a transaction dated Wednesday, December 4th. The stock was purchased at an average cost of GBX 593 ($7.53) per share, for a total transaction of £154.18 ($195.91).

Vanessa Simms also recently made the following trade(s):

• On Monday, November 4th, Vanessa Simms purchased 25 shares of Land Securities Group stock. The stock was acquired at an average cost of GBX 608 ($7.73) per share, with a total value of £152 ($193.14).
• On Friday, October 4th, Vanessa Simms purchased 23 shares of Land Securities Group stock. The shares were bought at an average price of GBX 642 ($8.16) per share, for a total transaction of £147.66 ($187.62).

Land Securities Group Stock Down 0.7 %

Shares of LON:LAND traded down GBX 4 ($0.05) during trading on Thursday, reaching GBX 595 ($7.56). The stock had a trading volume of 1,699,786 shares, compared to its average volume of 3,026,391. The firm’s 50-day simple moving average is GBX 622.68 and its 200 day simple moving average is GBX 635.35. The company has a market capitalization of £4.43 billion, a P/E ratio of -1,390.70, a PEG ratio of 12.39 and a beta of 1.44. The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 58.63. Land Securities Group Plc has a one year low of GBX 567.50 ($7.21) and a one year high of GBX 729.40 ($9.27).

Land Securities Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th will be paid a GBX 9.40 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 1.62%. This is a positive change from Land Securities Group’s previous dividend of $9.20. Land Securities Group’s dividend payout ratio is presently -9,302.33%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price objective on shares of Land Securities Group from GBX 755 ($9.59) to GBX 746 ($9.48) and set a “buy” rating for the company in a research note on Wednesday.

About Land Securities Group

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.