LondonMetric Property (LON:LMP) Sets New 52-Week Low – What’s Next?

LondonMetric Property Plc (LON:LMP)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 173.50 ($2.13) and last traded at GBX 175.30 ($2.16), with a volume of 2321188 shares traded. The stock had previously closed at GBX 177.60 ($2.19).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “buy” rating on shares of LondonMetric Property in a research report on Tuesday, September 24th.

LondonMetric Property Stock Down 1.7 %

The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.81 and a current ratio of 0.68. The firm has a fifty day simple moving average of GBX 185.12 and a 200-day simple moving average of GBX 195.41. The firm has a market cap of £3.50 billion, a price-to-earnings ratio of 1,560.91, a P/E/G ratio of 3.27 and a beta of 0.90.

LondonMetric Property Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, December 5th will be paid a GBX 2.85 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 1.5%. LondonMetric Property’s dividend payout ratio (DPR) is currently 10,000.00%.

About LondonMetric Property

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.