Land Securities Group (LON:LAND) Sets New 12-Month Low – What’s Next?

Land Securities Group Plc (LON:LAND) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 555.50 ($6.93) and last traded at GBX 564.50 ($7.04), with a volume of 9608380 shares trading hands. The stock had previously closed at GBX 572.50 ($7.14).

Analyst Upgrades and Downgrades

LAND has been the topic of several research reports. Berenberg Bank lowered their price objective on shares of Land Securities Group from GBX 755 ($9.42) to GBX 746 ($9.31) and set a “buy” rating on the stock in a report on Wednesday, December 4th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 550 ($6.86) price target on shares of Land Securities Group in a research report on Tuesday, December 17th. Finally, Shore Capital reissued a “hold” rating on shares of Land Securities Group in a report on Tuesday, December 17th.

Land Securities Group Stock Performance

The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 58.63. The stock has a market cap of £4.16 billion, a P/E ratio of -1,299.19, a PEG ratio of 12.39 and a beta of 1.44. The company’s 50-day simple moving average is GBX 591.10 and its 200 day simple moving average is GBX 621.37.

Land Securities Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th will be given a dividend of GBX 9.40 ($0.12) per share. The ex-dividend date is Thursday, November 28th. This is a positive change from Land Securities Group’s previous dividend of $9.20. This represents a dividend yield of 1.62%. Land Securities Group’s dividend payout ratio (DPR) is currently -9,302.33%.

About Land Securities Group

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.