Land Securities Group (LON:LAND) Earns Hold Rating from Shore Capital

Shore Capital reaffirmed their hold rating on shares of Land Securities Group (LON:LAND) in a research note released on Tuesday morning, MarketBeat reports.

Separately, Berenberg Bank reduced their price target on Land Securities Group from GBX 755 ($9.60) to GBX 746 ($9.48) and set a “buy” rating on the stock in a research report on Wednesday, December 4th.

Land Securities Group Stock Up 0.3 %

LAND stock opened at GBX 572 ($7.27) on Tuesday. The company’s 50 day moving average is GBX 609.22 and its 200 day moving average is GBX 629.39. The stock has a market cap of £4.26 billion, a price-to-earnings ratio of -1,330.23, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 58.63. Land Securities Group has a 1-year low of GBX 565 ($7.18) and a 1-year high of GBX 729.40 ($9.27).

Land Securities Group Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, November 28th will be issued a GBX 9.40 ($0.12) dividend. This is an increase from Land Securities Group’s previous dividend of $9.20. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 1.62%. Land Securities Group’s dividend 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.