Land Securities Group (LON:LAND) Price Target Lowered to GBX 746 at Berenberg Bank

Land Securities Group (LON:LAND) had its price objective lowered by Berenberg Bank from GBX 755 ($9.63) to GBX 746 ($9.51) in a report issued on Wednesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Land Securities Group Trading Down 0.2 %

LON:LAND opened at GBX 594 ($7.57) on Wednesday. The firm has a market capitalization of £4.42 billion, a P/E ratio of -1,381.40, a P/E/G ratio of 12.39 and a beta of 1.44. The business has a 50 day simple moving average of GBX 619.84 and a 200 day simple moving average of GBX 634.10. The company has a debt-to-equity ratio of 58.63, a current ratio of 0.42 and a quick ratio of 0.54. Land Securities Group has a 12-month low of GBX 567.50 ($7.23) and a 12-month high of GBX 729.40 ($9.30).

Land Securities Group Increases Dividend

The company also recently declared 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 represents a dividend yield of 1.62%. This is a positive change from Land Securities Group’s previous dividend of $9.20. Land Securities Group’s dividend payout ratio 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.