LondonMetric Property (LON:LMP) Share Price Passes Below 200-Day Moving Average – Should You Sell?

LondonMetric Property Plc (LON:LMP)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 193.05 ($2.44) and traded as low as GBX 190 ($2.40). LondonMetric Property shares last traded at GBX 191.40 ($2.41), with a volume of 2,869,760 shares.

LondonMetric Property Price Performance

The business has a 50 day simple moving average of GBX 181.87 and a two-hundred day simple moving average of GBX 193.05. The firm has a market capitalization of £3.87 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The company has a debt-to-equity ratio of 53.84, a quick ratio of 0.81 and a current ratio of 0.68.

LondonMetric Property (LON:LMP) last posted its quarterly earnings data on Tuesday, November 26th. The company reported GBX 6.60 ($0.08) earnings per share for the quarter. LondonMetric Property had a net margin of 66.69% and a return on equity of 3.87%. On average, sell-side analysts expect that LondonMetric Property Plc will post 13.7260274 EPS for the current fiscal year.

LondonMetric Property Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 5th were given 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 was Thursday, December 5th. LondonMetric Property’s dividend payout ratio (DPR) is currently 113.25%.

LondonMetric Property Company Profile

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.