LondonMetric Property (LON:LMP) Stock Price Passes Below 200 Day Moving Average – Here’s Why

LondonMetric Property Plc (LON:LMP) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 194.48 ($2.43) and traded as low as GBX 180.20 ($2.25). LondonMetric Property shares last traded at GBX 182.30 ($2.28), with a volume of 4,776,225 shares trading hands.

LondonMetric Property Stock Performance

The business has a fifty day moving average of GBX 182.74 and a 200 day moving average of GBX 194.40. The company has a market cap of £3.70 billion, a P/E ratio of 1,648.07, 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.

LondonMetric Property (LON:LMP) last issued its quarterly earnings data on Tuesday, November 26th. The company reported GBX 6.60 ($0.08) EPS for the quarter. LondonMetric Property had a net margin of 66.68% and a return on equity of 4.02%. On average, equities analysts predict that LondonMetric Property Plc will post 13.7260274 EPS for the current year.

LondonMetric Property Announces Dividend

The company also recently announced a dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 5th were given a GBX 2.85 ($0.04) dividend. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend was 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.