Land Securities Group (LON:LAND) Sets New 52-Week Low – Here’s What Happened

Shares of Land Securities Group Plc (LON:LAND) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 531.83 ($6.51) and last traded at GBX 533.50 ($6.53), with a volume of 3748295 shares traded. The stock had previously closed at GBX 540.50 ($6.61).

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LAND shares. Berenberg Bank reduced their target price on shares of Land Securities Group from GBX 755 ($9.24) to GBX 746 ($9.13) and set a “buy” rating for the company in a research report on Wednesday, December 4th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 550 ($6.73) price target on shares of Land Securities Group in a research note on Tuesday, December 17th. Finally, Shore Capital reiterated a “hold” rating on shares of Land Securities Group in a research report on Tuesday, December 17th.

Land Securities Group Price Performance

The business has a 50-day moving average of GBX 584.94 and a 200 day moving average of GBX 618.84. 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 firm has a market capitalization of £4.02 billion, a P/E ratio of -1,253.49, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44.

Land Securities Group Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, November 28th were given a GBX 9.40 ($0.12) dividend. This is a boost from Land Securities Group’s previous dividend of $9.20. The ex-dividend date of this dividend was Thursday, November 28th. This represents a yield of 1.62%. 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.