LondonMetric Property (LON:LMP) Reaches New 12-Month Low – What’s Next?

LondonMetric Property Plc (LON:LMP)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as GBX 173.50 ($2.16) and last traded at GBX 175.30 ($2.19), with a volume of 2321188 shares changing hands. The stock had previously closed at GBX 177.60 ($2.22).

Analyst Ratings Changes

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

LondonMetric Property Price Performance

The stock has a market capitalization of £3.54 billion, a PE ratio of 1,576.36, a P/E/G ratio of 3.27 and a beta of 0.90. The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 59.04. The stock’s 50-day moving average is GBX 186.03 and its 200 day moving average is GBX 195.73.

LondonMetric Property Announces Dividend

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