Land Securities Group (LON:LAND) Hits New 12-Month Low – Here’s Why

Shares of Land Securities Group Plc (LON:LAND) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 555.50 ($6.84) and last traded at GBX 564.50 ($6.95), with a volume of 9608380 shares trading hands. The stock had previously closed at GBX 572.50 ($7.04).

Analysts Set New Price Targets

Several analysts have issued reports on the company. Shore Capital restated a “hold” rating on shares of Land Securities Group in a report on Tuesday, December 17th. Jefferies Financial Group reissued a “hold” rating and set a GBX 550 ($6.77) target price on shares of Land Securities Group in a research note on Tuesday, December 17th. Finally, Berenberg Bank decreased their target price on Land Securities Group from GBX 755 ($9.29) to GBX 746 ($9.18) and set a “buy” rating for the company in a research report on Wednesday, December 4th.

Land Securities Group Price Performance

The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 58.63. The stock has a market capitalization of £4.02 billion, a PE ratio of -1,254.65, a P/E/G ratio of 12.39 and a beta of 1.44. The stock’s 50-day moving average is GBX 588.24 and its 200 day moving average is GBX 620.18.

Land Securities Group Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th were issued a dividend of GBX 9.40 ($0.12) per share. This is a boost from Land Securities Group’s previous dividend of $9.20. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, November 28th. Land Securities Group’s payout ratio is currently -9,302.33%.

Land Securities Group Company Profile

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.