Land Securities Group (LON:LAND) Stock Price Passes Above 200 Day Moving Average of $642.50

Shares of Land Securities Group Plc (LON:LAND) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 642.50 ($8.59) and traded as high as GBX 654.50 ($8.75). Land Securities Group shares last traded at GBX 638 ($8.53), with a volume of 2,642,738 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price objective on Land Securities Group from GBX 807 ($10.79) to GBX 755 ($10.10) and set a “buy” rating for the company in a research report on Friday, June 7th.

Land Securities Group Stock Down 2.3 %

The firm has a 50-day moving average of GBX 640.77 and a 200 day moving average of GBX 642.50. The company has a debt-to-equity ratio of 58.63, a current ratio of 0.42 and a quick ratio of 0.54. The stock has a market capitalization of £4.75 billion, a price-to-earnings ratio of -1,483.72, a PEG ratio of 12.39 and a beta of 1.44.

Land Securities Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, August 22nd will be given a dividend of GBX 9.20 ($0.12) per share. The ex-dividend date is Thursday, August 22nd. This represents a yield of 1.42%. Land Securities Group’s dividend payout ratio (DPR) is presently -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.