Land Securities Group (LON:LAND) Shares Pass Above 200 Day Moving Average of $636.00

Land Securities Group Plc (LON:LAND)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 636 ($7.98) and traded as high as GBX 643.50 ($8.08). Land Securities Group shares last traded at GBX 643.50 ($8.08), with a volume of 17,865,534 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank started coverage on Land Securities Group in a report on Wednesday, January 10th. They issued a “buy” rating and a GBX 807 ($10.13) target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Land Securities Group presently has an average rating of “Hold” and a consensus target price of GBX 675.33 ($8.48).

Land Securities Group Stock Up 2.0 %

The company has a debt-to-equity ratio of 56.72, a current ratio of 0.49 and a quick ratio of 0.54. The company has a fifty day moving average price of GBX 639.79 and a 200 day moving average price of GBX 636. The company has a market cap of £4.79 billion, a PE ratio of -784.76, a price-to-earnings-growth ratio of 12.39 and a beta of 1.45.

Land Securities Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, February 22nd will be given a dividend of GBX 9.30 ($0.12) per share. The ex-dividend date of this dividend is Thursday, February 22nd. This is a positive change from Land Securities Group’s previous dividend of $9.20. This represents a dividend yield of 1.42%. Land Securities Group’s dividend payout ratio is -4,878.05%.

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.